Best Practices In Light Of SEC Whistleblower Trends

Law360, New York (September 30, 2013, 3:58 PM EDT) -- In response to the perceived failures of regulatory agencies to discover improprieties in the securities and commodities markets, the U.S. Securities and Exchange Commission supplemented the Dodd-Frank Act in August 2011 with new rules designed to utilize the whistleblower as an enforcement tool. Codified in Section 922, these new rules provide protection from retaliation and reward employees who report “original information” about a violation of the federal securities with between 10 percent and 30 percent of any judgment in a successful enforcement action — either judicial...
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