Leading whistleblower attorney Stephen M. Kohn, a partner at Kohn, Kohn & Colapinto, spoke with Law360 about the implications of the upcoming SEC vote on proposed rules governing their Whistleblower Program.
The SEC has since postponed the vote after it was originally scheduled for Wednesday, September 2nd.
Kohn was concerned that taking away large whistleblower awards would disincentivize the reporting of some frauds.
“Wall Street and everyone else reads about it. … It’s just human nature,” he said. “That’s the part of this [the SEC] has to take into account, the deterrent effects. That should override all the other considerations.”