In The Wall Street Journal, Phillips & Cohen partner Erika Kelton explains how proposed limits to the SEC’s whistleblower rewards are hurting whistleblowers’ willingness to come forward:
Erika Kelton, a whistleblower lawyer at Phillips & Cohen LLP, said the proposal to limit some awards may have been one reason why the number of tips leveled out this year.
“I have many clients who are deeply concerned about this—people who have come forward already and are really concerned that the rules are changing on them midstream,” she said.
“Then there are others who are contacting us at the beginning of the process and they’re raising this issue as a concern also,” she added. “And it’s definitely coloring their decision whether to proceed and become an SEC whistleblower.”
Read the entire article, “SEC whistleblower tips decline as agency looks to limit big awards,” on The Wall Street Journal’s website.