July 29, 2018
The proposed ruling for changes to the Whistleblower Program further encourages and rewards individuals that come forward with information that leads to the successful enforcement of an action by the SEC. Encouraging more individuals to come forward will ultimately result in a more effective agency to discover and prosecute wrongdoers. The discovery of more violations protects employees and shareholders. Increased pressure to discover violations will hopefully further discourage unlawful and misleading practices. On the other hand, this could also lead to unnecessary witch hunt, suspicions, and people getting into other peoples businesses all because of the lure of the monetary rewards of whistle blowing. I fully support the proposed changes to Whistleblower Program Rules.