UBS Ruling Allays Fear Factor For SEC Whistleblowers

Law360, New York (May 22, 2013, 9:07 PM EDT) -- A New York federal court ruling Tuesday that keeps alive a UBS AG whistleblower’s retaliation suit marks a key victory for the U.S. Securities and Exchange Commission as it looks to make reporting Wall Street fraud less intimidating, attorneys say.

U.S. District Judge Jesse M. Furman ruled that the Dodd-Frank Act protects whistleblowers from retaliation even if they report wrongdoing internally rather than to the SEC. The decision keeps intact a suit by former UBS mortgage-backed securities strategist Trevor Murray, who claims he was fired after...
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