Law360, New York (August 9, 2011, 1:09 PM EDT) -- The U.S. Securities and Exchange Commission adopted final rules related to implementing the whistleblower provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act on May 25, 2011. On Aug. 12, 2011, those rules are set to take effect. The whistleblower provisions of Dodd-Frank have been one of the most highly debated and controversial set of regulations to hit the financial services industry.
Jordan Thomas, chairman of Labaton Sucharow LLP's whistleblower representation practice, and Jordan Eth, co-chairman of Morrison & Foerster LLP's securities litigation, enforcement and white collar defense group, engage in a point-counterpoint discussion of these provisions.
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