SEC cooperation guidelines for individuals

Posted on January 19, 2010 04:18 by Jonathan Rosen

The SEC recently announced the standards for it's new initiative to encourage and reward cooperation by individuals. The link to the SEC explanation of the standards is:

http://www.sec.gov/spotlight/enfcoopinitiative.shtml

These guidelines confirm the SEC's previously stated intention to encourage cooperation in SEC investigations through a variety of methods, including cooperation agreements, which for the first time will provide for the prospect of reduced sanctions based on the nature of an individual's cooperation. The guidelines include the following criterion: "whether the individual provided non-privileged information, which information was not requested by the staff or otherwise might have been discovered."

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Categories: Discovery

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