Sec. 828. Denial of award to culpable whistleblowers

152 words·~1 min read·/bill/115/hr/10/rh/section-828

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Section 21F(c) of the Securities Exchange Act of 1934 ( 15 U.S.C. 78u–6(c) ) is amended— in paragraph (2)— in subparagraph (C), by striking or at the end; in subparagraph (D), by striking the period and inserting ; or ; and by adding at the end the following: to any whistleblower who is responsible for, or complicit in, the violation of the securities laws for which the whistleblower provided information to the Commission. ; and by adding at the end the following: For purposes of paragraph (2)(E), a person is responsible for, or complicit in, a violation of the securities laws if, with the intent to promote or assist the violation, the person— procures, induces, or causes another person to commit the offense; aids or abets another person in committing the offense; or having a duty to prevent the violation, fails to make an effort the person is required to make. .

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15 USC 78u–6(c)

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Sec. 828

Denial of award to culpable whistleblowers

Cite15 USC 78u–6(c)

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