SEC Chairman Requests Help of Whistleblowers To Detect Violators
CoinEdition
Published Oct 19, 2022 04:30AM ET
Updated Oct 19, 2022 05:00AM ET
SEC Chairman Requests Help of Whistleblowers To Detect Violators
- SEC Chairman requests whistleblowers’ help to detect, investigate and prosecute violators.
- 10%-30% of the money collected will be awarded to whistleblowers with legit information.
- Empower Oversight blames the former director of SEC for selective enforcement of the law.
The Chairman of the Securities Exchange Commission (SEC), Gary Gensler, took to Twitter requesting the help of whistle-blowers to detect, investigate and prosecute violators of the SEC’s law. In his Twitter post, Gensler wrote on behalf of the SEC, encouraging the general public to also aid in this regard.
According to whistleblower Empower Oversight, a nonprofit, nonpartisan educational organization, Hinman had allegations of conflicts of interest associated with the SEC’s selective enforcement actions involving cryptocurrencies.
Another user named Eduard Brichuk replied to the tweet and requested Gensler whether he was willing to discuss the Citadel Securities LLC violation or whether this was just gaslighting.
Additionally, Brichuk pointed out that Citadel was a regular violator of REG SHO and the Securities Exchange ACT of 1934; however, they have gone scot-free because of Acceptance, Waiver, & Consent (AWC), which gives them the freedom not to admit it.
The post SEC Chairman Requests Help of Whistleblowers To Detect Violators appeared first on Coin Edition.
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