Tag: whistleblower reward

ASIC applauds the enactment of stronger whistleblowing laws
May 22, 2017 BY LeapRate Staff

CFTC strengthens anti-retaliation protection for Whistleblowers and enhances the award process

After dealing with several cases of companies retaliating against employees who reported wrongdoing, the U.S. Commodity Futures Trading Commission (CFTC) has announced amendments to the its Whistleblower Rules that will, among other things, strengthen the CFTC’s anti-retaliation protections for whistleblowers and enhance the process for reviewing whistleblower claims. Based on a reinterpretation of the CFTC’s…

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February 19, 2016 BY Maria Nikolova

Quebec's financial regulator not to reward whistleblowers

AMF, the regulatory and oversight body for the financial sector of Canada's Quebec, has announced that it will not offer financial rewards to whistleblowers reporting violations of the laws of the Canadian province. The AMF said its decision comes after a comprehensive analysis of whistleblower programs managed by other regulators, including the U.S. Securities and…

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October 29, 2015 BY Maria Nikolova

Ontario regulator to encourage whistleblowers with rewards of up to C$5 million

The Ontario Securities Commission (the OSC) is joining the raft of global regulators encouraging reports of securities-related misconduct. On Wednesday, the OSC published Proposed OSC Policy 15-601 Whistleblower Program, a set of rules that would be the first of its kind for securities regulators in Canada. Under the proposed policy, eligible whistleblowers are entitled to…

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