Internal Whistleblowers Have Full Protections, SEC Says

By Cara Salvatore (August 5, 2015, 5:24 PM EDT) -- The U.S. Securities and Exchange Commission decreed Tuesday that whistleblowers who report only within their companies must be protected as strongly as others, an apparent effort to head off a contradictory Fifth Circuit reading that threatens to spread to other appeals courts.

In the rule interpretation, released Tuesday and scheduled for publication in the Federal Register, the SEC acknowledged that the whistleblower rule it passed in response to the Dodd-Frank Act could be confusing if parts of it were taken in isolation. But the new document reiterates that full protections are afforded to internal whistleblowers.

"Notwithstanding our view that Rule 21F-2(b)(1)...

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