The SEC's Whistleblower Balancing Act

Law360, New York (November 12, 2010, 12:27 PM EST) -- On Monday, Nov. 3, 2010, the U.S. Securities and Exchange Commission proposed rules to implement the whistleblower bounty provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act.

As set forth below, in drafting the proposed rules, the SEC attempted to address a number of concerns regarding the whistleblower bounty provisions of the Dodd-Frank Act, especially with regard to the tension in the act between the goals of encouraging entities to have strong compliance systems and encouraging reporting misconduct through the use of bounty provisions....
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