Whistleblower Advocate Weighs in on Canada’s Whistleblower Reward Program
Leading international whistleblower attorney Stephen M. Kohn, says it’s too early to tell if Canada’s whistleblower incentive program will be a success. The Ontario Securities Commission’s program has flaws according to Kohn, a partner in the Washington, D.C. based law firm of Kohn, Kohn & Colapinto. “These flaws may hinder the success of the program,” Kohn said during a panel discussion sponsored by the University of Toronto’s Rotman School of Management in January 2017.
The flaws Kohn points to the $5-million cap on possible payouts by the program, saying it will hamper the program as the “big fish” will not come forward. He also pointed out that there is no minimum reward level to provide prospective tipsters assurances they will get a reward if they are entitled.
An in-depth article about the panel was published in February in Investment Executive. Click here to read the full article: Rewards too limited?
Related: Video — University of Toronto Panel on Canada’s Whistleblower Reward Program
