We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

SEC Whistleblower Reveal Won't Sink Program, Attys Say

Law360, New York (April 25, 2012, 9:09 PM EDT) -- While a report that the U.S. Securities and Exchange Commission inadvertently revealed the identity of a corporate whistleblower is a black eye for the regulator, the slipup isn't likely to damage its fledgling whistleblower program, securities attorneys say.

The potentially massive financial rewards for employees who report fraud at their companies to the commission's staff — up to 30 percent of any judgment over $1 million — that were adopted by the SEC in May as part of the implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act are just too tempting for potential whistleblowers, according to attorneys....

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!