A Close Look At Dodd-Frank's Whistleblower Provisions

Law360, New York (January 9, 2014, 3:48 PM EST) -- Section 21F (15 USCS § 78u-6) of the Securities Exchange of Act of 1934, as amended (the “Exchange Act”), enacted pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 provides the U.S. Securities and Exchange Commission with a potentially highly significant enforcement tool for detecting and proving violations of the federal securities laws.

It requires the SEC to establish a whistleblower program that pays awards of not less than 10 percent and up to 30 percent of monetary sanctions exceeding $1 million...
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