The Ontario Securities Commission (OSC) has made history, launching the first paid whistleblower program by a Canadian securities regulator. The U.S. Securities and Exchange Commission Office of the Whistleblower pays a reward of between 10 per cent and 30 per cent of the money collected when the information provided leads to SEC enforcement action in which more than US$1 million in sanctions is ordered. But some find it disturbing that under the OSC policy, a co-conspirator could be rewarded.
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