The SEC is denying a record percentage of whistleblower claims, including two in orders that sharply rebuked a previous award to billionaire activist investor Carson Block—signs the agency is enforcing rules and scrutinizing claims more strictly than in past years.
The commission, now with a Republican majority, denied awards in 31 consecutive orders issued between April 21 and July 15 – covering at least 55 different tipsters, Bloomberg Law found in a review of all 65 final orders issued this year. It’s the longest drought in the history of the program, which was created by the Dodd-Frank law of 2010 ...
The Gazette offers audio versions of articles using Instaread. Some words may be mispronounced. If their true motivations were to organize troops of angry demonstrators to wave signs, shout chants ...