In a Wall Street Journal report on the SEC’s newly adopted whistleblower program rule changes, Phillips & Cohen partner Erika Kelton voices her concerns about how the changes could affect whistleblowers.
“I think this is particularly problematic,” Erika Kelton, a partner at Phillips & Cohen LLP, said, noting that the consideration of the size of the payouts wasn’t a factor that Congress adopted when it enacted the law in 2010. She said her clients and potential whistleblowers are concerned about the new rules. “The rules do not bring clarity to the awards process and actually bring more uncertainty.”
Read the entire article, “SEC Votes to Amend Whistleblower-Award Rules,” on the Wall Street Journal’s website.