Sentences with phrase «whistleblower program provides»

Not exact matches

Because «whistleblower» lawyers work on a contingency basis, Bentham IMF's program «is not funding the cost of litigation but is primarily aimed at providing whistleblowers with cash while they wait for their claim to wind through court.»

At the annual SEC Speaks conference in February 2012, SEC Chairman Mary Shapiro stated that the whistleblower program had provided the agency with «hundreds of higher - quality tips, helping us to avoid investigatory dead - ends and, at the same time, prodding companies to enhance their internal compliance programs.»

The Ontario Securities Commission has finally started the ball rolling on an initiative it first suggested back in 2011: a whistleblower program to provide financial rewards to people who report securities law breaches.

The Ontario Securities Commission announced Oct. 21 it was looking at a number of new enforcement initiatives including the prospect of introducing a whistleblower program, under which incentives and / or protection from retaliation might be provided to those who have information about marketplace misconduct.

«In my view, I think that financial rewards are likely the best way forward for regulators, and in any event, the criteria for obtaining a financial reward are difficult to satisfy — they provide a good counterweight to the concerns expressed by critics and act as a strong gatekeeper to prevent the misuse of the whistleblower program,» says Campion.

Critics of the OSC whistleblower program argue that providing financial rewards will give rise to an «American — style bounty program» and may lead to individuals coming forward with incomplete or misleading information that may implicate others for nefarious or monetary motives.