D.C. Circuit Panel Affirms SEC’s Denial Of Whistleblower Award

Mealey's (June 1, 2022, 1:34 PM EDT) -- WASHINGTON, D.C. — A District of Columbia Circuit U.S. Court of Appeals panel on May 27 ruled that the Securities and Exchange Commission did not err in determining that a former Bear Stearns Companies Inc. broker was not entitled to a whistleblower award for information he provided to the SEC in a securities fraud action because the broker sought an award for information he provided before July 21, 2010, the enactment date of the governing statute....