Rise Of The Whistleblowers

Law360, New York (August 22, 2011, 1:54 PM EDT) -- On Aug. 12, 2011, the U.S. Securities and Exchange Commission’s “Office of the Whistleblower” officially opened for business. The new whistleblower office is part of the Division of Enforcement and will handle whistleblower tips and complaints, provide guidance to enforcement staff, and assist the commission in determining the size of the awards received by whistleblowers.

The office is charged with implementing the recently adopted SEC whistleblower rules, which were mandated by Section 922 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Dodd-Frank overhauled the...
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