Jul. 20, 2018
Dear Securities and Exchange Commission,
I write to strongly oppose the proposed amendments to the rules governing the SEC whistleblower program (File Number S7-16-18). According to NWC executive director, S.M. Kohn, "...an effective anti-corruption program can work only if telling the truth and reporting frauds is more profitable then committing the crimes. The proposed rule ignores this reality. It disincentives the most important potential whistleblowers in the securities industry and takes away the Commission’s best advertisement for promoting honesty in the markets.” I fully agree with this opinion, and therefore urge the SEC to withdraw proposed rule amendments regarding the whistleblower program.
Sincerely,
Mr. Robert Anderson