Judge Says Tipsters Who Don't Report To SEC Still Protected

By Kat Greene (May 30, 2014, 9:55 PM EDT) -- A Nebraska federal judge has found that federal whistleblower protections against retaliation from employers apply even to tipsters who don't take their complaints directly to the U.S. Securities and Exchange Commission, countering at least one appellate court ruling on the subject.

U.S. District Judge John M. Gerrard found that Julie A. Bussing met the requirements for whistleblowing under the Dodd-Frank Act, though her reporting of alleged violations of federal money-laundering laws only went as far as the management of her own company, and participation in an investigation by an industry regulator, according to a May 21 decision.

The judge determined that...

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