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Loan Modification

: Mortgage Lender Implode-o-Meter

SEC now freer to hike whistleblower awards

By Implode-Explode Heavy Industries

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Color me surprised... this could actually lead to a massive positive sea-change in policing of our financial economy: ``The financial regulatory law signed by President Obama last week grants the SEC the authority to pay up to 30 percent of any monetary sanction to a whistleblower -- even if the whistleblower took part in misconduct. Although the previous law limited payments to insider-trading cases, money can now be doled out for information on any securities law violation.''

Full post as published by Mortgage Lender Implode-o-Meter on July 27, 2010 (boomark / email).

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