In Compliance Week, Phillips & Cohen partner Sean McKessy, a former Chief of the SEC Office of the Whistleblower, applauds the SEC’s proposal to fix certain changes that were made to whistleblower award rules in 2020.
Sean McKessy, chief of the SEC’s Office of the Whistleblower from 2011-16 who now represents whistleblowers as a partner at Phillips & Cohen, welcomed the agency’s reversal.
“The proposed amendments to the whistleblower award rules would undo some of the harmful rule changes the previous administration made, which added uncertainty to the process for determining whistleblower awards,” McKessy said. “Uncertainty can be one of the main deterrents to individuals deciding to come forward.”
Read “SEC proposal seeks to undo Trump-era whistleblower changes.”