Day: October 23, 2019

Compliance into the Weeds is the only weekly podcast which takes a deep dive into a compliance related topic, literally going into the weeds to more fully explore a subject. In this episode, Matt Kelly and I go into the weeds to explore the SEC’s proposed changes to its whistleblower program.
Some of the highlights include:

• The reforms were originally announced 18 moths ago. Why is the SEC just now getting to public discussion?
• What if anything will be the cap on high end awards?
• Conversely, will the expansion of low-end awards beget better whistleblower tips?
• Why would the SEC want to reduce award levels at the high end? What is the constituency for this position?
• Why (or why not) should a whistleblower tip be in writing?
• Why was the SEC Open Meeting to discuss these reforms postponed until November?
• Will the meeting be postponed again? Who benefits from a postponement?

For additional reading see the following:
Matt’s blog post, SEC Tees Up Whistleblower Reform, on Radical Compliance.