The Securities and Exchange Commission’s Trump administration-long antipathy for the very idea of whistleblowing has softened quite a bit under quarantine, but it has not completely evaporated. Take one of Jay Clayton’s many last-minute efforts, a muddled rewriting of the award rules to, well, muddle them. Under those guidelines, the really big awards—those in excess of $5 million that the SEC so proudly proclaims in breathless press releases—don’t get the presumption of a 30% cut that smaller payouts get. Instead, they get some extra analysis of the “more deeply positive and negative factors.” And even if there aren’t any of the latter, there’s no guarantee that the turncoat, er, whistleblower will get all that once would have been coming to him.