SIFMA Comment on FinCEN Whistleblower NPRM (June 1 2026)

Summary: SIFMA, a trade association for broker-dealers and investment banks, supports the establishment of a whistleblower program but advocates for specific modifications to the proposed rules. They recommend tying the 120-day waiting period to internal reporting to protect compliance programs, extending the waiting period to 180 days, and expanding ineligibility criteria for culpable whistleblowers or those sharing sensitive data.