Wall St whistleblowers may get bigger payouts

The Wall Street rat is going to get more fat.

The New York Post reports that two Washington lawmakers last week introduced bills to lift the cap on how much whistleblowers can get from successful federal securities fraud suits — essentially making it easier to strike a small fortune from ratting on crooked bankers or other perpetrators of financial crimes.

The Whistleblower Augmented Reward and Non-Retaliation (WARN) Act, introduced by Sen. Tammy Baldwin (D-WI) and Rep. Elijah Cummings (D-MD), would allow someone who knows about securities fraud to get as much as 30% of a financial settlement.

To access the complete New York Post article hit the link below:

Bills would allow bigger payouts to Wall Street whistleblowers

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