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: Whistleblower Lawyer BlogNew SEC Whistleblower Program to Benefit from SEC's Appointment of New Enforcement Official?
By Finch McCranie, Esq.
The SEC has just announced that current senior advisor to SEC Chairman Mary Schapiro, Stephen L. Cohen, has been named an Associate Director of the Division of Enforcement.
We hope this is good news for the nascent SEC Whistleblower Program. The SEC recently announced that its delaying creation of an SEC Whistleblower Office for budget reasons.
Steve Cohen has advised Chairman Schapiro on a number of issues including the SEC Whistleblower program, which I have discussed with him briefly earlier this year.
Coincidentally, the announcement came on yesterday's deadline for comments on the SEC's proposed rules for SEC whistleblowers, which must be substantially revamped so as not to defeat Congress' purpose by discouraging meaningful whistleblowers from coming forward. We have submitted our own comments to the SEC on its proposed whistleblower rules, and will discuss later others' comments here. See our comments
The SEC's press release is reprinted below:
Full post as published by Whistleblower Lawyer Blog on December 17, 2010 (boomark / email).
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