Does Dodd-Frank Protect Foreign Whistleblowers?

Law360, New York (November 20, 2014, 10:32 AM EST) -- Section 922 of the Dodd-Frank Act establishes generous financial rewards and broad anti-retaliation safeguards to encourage individuals to report violations of American securities law. Discord over the language of, and legislative intent behind, these provisions underpins two complementary legal questions that are percolating up the federal judiciary in fits and starts: 1) whether the act classifies — and protects — as "whistleblowers" employees who inform their employers about apparent securities violations before reporting them to law enforcement; and 2) whether the act protects as whistleblowers individuals who report violations while on foreign soil.

The Fifth Circuit answered the first query with...

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