Implementing The SEC Whistleblower Program

Law360, New York (June 16, 2011, 11:56 AM EDT) -- As part of the Dodd-Frank Wall Street Reform and Consumer Protection Act, signed into law on July 21, 2010, Congress adopted a whistleblower program that created increased incentives for individuals to report alleged violations of the securities laws, including the Foreign Corrupt Practices Act.

The Dodd-Frank Act left significant questions regarding the type of individuals and information warranting awards for the rulemaking process of the U.S. Securities and Exchange Commission. In promulgating its rules, the commission had to balance, among other things, its interests in increased...
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