OSC’s offer of financial compensation has generated 200 tips resulting in several active investigations
The updated rules would be designed to make it easier to pay financial rewards to tipsters
The information “strongly supported” several successful enforcement actions
The whistleblower first reported the information to another federal agency and later provided the same information to the SEC
Commission aims to clarify that in-house counsel can't collect a reward for reporting enforcement information in violation of law society rules
The regulator’s whistleblower program, which pays for information resulting in significant enforcement action, has awarded more than US$179 million to 50 whistleblowers thus far
The corporate insider, who tipped off U.S. securities regulators to the alleged fraud, is the second whistleblower the SEC has awarded this week
Tips, plus documents and testimony, led to the award
Amendments strengthen anti-retaliation protections
The ASIC calls on the financial industry to heed the results of new academic research into effective whistleblowing.