A Close Look At Dodd-Frank's Whistleblower Provisions
January 9, 2014, 3:48 PM EST
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...
Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.