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Title 17 Part 240 → §240.21f-16

Title 17 → Chapter II → Part 240 → §240.21f-16

Electronic Code of Federal Regulations e-CFR

Title 17 Part 240 → §240.21f-16

e-CFR data is current as of February 18, 2020

Title 17Chapter IIPart 240 → §240.21f-16


Title 17: Commodity and Securities Exchanges
PART 240—GENERAL RULES AND REGULATIONS, SECURITIES EXCHANGE ACT OF 1934


§240.21F-16   Awards to whistleblowers who engage in culpable conduct.

In determining whether the required $1,000,000 threshold has been satisfied (this threshold is further explained in §240.21F-10 of this chapter) for purposes of making any award, the Commission will not take into account any monetary sanctions that the whistleblower is ordered to pay, or that are ordered against any entity whose liability is based substantially on conduct that the whistleblower directed, planned, or initiated. Similarly, if the Commission determines that a whistleblower is eligible for an award, any amounts that the whistleblower or such an entity pay in sanctions as a result of the action or related actions will not be included within the calculation of the amounts collected for purposes of making payments.