state_legiscan_drain · NY
Provides for securities fraud whistleblower incentives and protections; defines terms; grants whistleblower awards for one or more whistleblowers who voluntarily provide original information to the attorney general that was the basis for a successful covered enforcement action; protects whistleblowers from retaliation; authorizes the attorney general to adopt any necessary rules and regulations; makes related provisions.
April 17, 2025
Summary
If enacted, this bill would create a whistleblower incentive and protection program for reporting securities fraud to the New York Attorney General. It would allow whistleblowers who voluntarily provide original information leading to a successful enforcement action to receive awards, and would prohibit retaliation. The bill also authorizes the Attorney General to adopt implementing regulations.
Source: https://www.nysenate.gov/legislation/bills/2025/S7494
Common questions
- What does "Provides for securities fraud whistleblower incentives and protections; defines terms; grants whistleblower awards for one or more whistleblowers who voluntarily provide original information to the attorney general that was the basis for a successful covered enforcement action; protects whistleblowers from retaliation; authorizes the attorney general to adopt any necessary rules and regulations; makes related provisions." cover?
- If enacted, this bill would create a whistleblower incentive and protection program for reporting securities fraud to the New York Attorney General. It…
- When was it published?
- It was published on April 17, 2025.