New Challenges For Compliance Programs

Law360, New York (June 28, 2011, 2:27 PM EDT) -- The U.S. Securities and Exchange Commission has adopted new rules under Section 922 of the Dodd-Frank Wall Street Reform and Consumer Protection Act that implement the widely debated Dodd-Frank whistleblower provisions. The newly adopted rules largely reflect the SEC’s proposed rules of Nov. 3, 2010, and are scheduled to go into effect Aug. 12, 2011.

The new rules establish a whistleblower bounty program authorizing the SEC to pay 10 percent to 30 percent of monetary sanctions exceeding $1 million to individuals who provide information leading to...
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