April 28, 2011
The Securities and Exchange Commission has missed the April 21 deadline for finalizing its new whistleblower rules. The expected date is now between May and July, according to the SEC’s calendar.
Earlier stories had reported delays in implementing an SEC whistleblower office because of budgetary concerns.
An SEC spokesman John Nester declined to comment on why the SEC has delayed the final rules but told the Wall Street Journal that the agency is working hard to meet all the Dodd-Frank law’s deadlines “with an emphasis on getting the rules right.”