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Thursday, May 26, 2011

Whistleblowers Can Get Paid

Despite objections from businesses, the Securities and Exchange Commission has passed a new rule that will allow whistleblowers to get up to 30% of any money the SEC recovers based on their tips. The rule also exempts whistleblowers from having to reveal their findings to the companies they're reporting before going to the government.

The Washington Post blew the whistle on the story:

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