The following is an excerpt from Financial Advisor. This article was published on Oct. 22, 2019.
The Securities and Exchange Commission announced that it canceled its meeting to vote on controversial rule changes to its whistle-blower program.
The cancellation of the meeting, previously scheduled for October 23, was announced on the SEC’s website yesterday. There are reports the meeting will be rescheduled for November.
The cancellation comes amidst steep opposition to the proposed rule changes, which whistle-blower attorneys and other critics say would diminish the likelihood that whistle-blowers would report financial malfeasance and fraud.
Read the full article here.