SEC Whistleblower Head To Punish Cos. That Silence Tipsters
Law360, New York (October 17, 2014, 5:38 PM EDT) -- As the U.S. Securities and Exchange Commission's whistleblower office enters its fourth year hot off a record-breaking $30 million award, director Sean McKessy says he plans to crack down even harder on employers who try to retaliate against people coming forward.
The office, which was established under the 2010 Dodd-Frank Act, has the power not only to dole out large monetary awards to individuals who provide "high-quality original information" leading to an enforcement action with more than $1 million in sanctions but also to take action against companies that try to stop those whistleblowers from coming forward.
During Law360's recent visit...
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