Beware SEC’s Increased Whistleblower Focus

Law360, New York (July 12, 2013, 2:19 PM EDT) -- On June 12, 2013, the U.S. Securities and Exchange Commission announced its second-ever whistleblower award under the Dodd-Frank Wall Street Reform and Consumer Protection Act. Having received more than 3,000 whistleblower tips in the first year of the revamped program, the SEC made its first whistleblower award in August 2012 and is expected to issue an increasing number of awards in the coming months.

Among other things, Dodd-Frank provides a direct mechanism for whistleblower complaints to the SEC and enhanced protection for eligible whistleblowers who come...
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