Although nearly everyone - including the five SEC
commissioners - agrees that corporate whistleblowers are the best source for
detecting corporate fraud, there is trepidation about the proposed
whistleblower bounty program under the Dodd-Frank Act...
Dodd-Frank added Exchange Act Section
21F(g)(5) and requires that SEC's Office of the Whistleblower to report to Congress
annually on the whistleblower program. It's due each October 30. I'm sure the
SEC wanted to be in compliance, so they...
by Gary Larkin
As you all may well know by now, the SEC has adopted its
final rules to create a whistleblower bounty program as part of the Dodd-Frank
Act by a familiar 3-2 split vote. The rules, which go into effect 60 days after
they are submitted...
The SEC has released the text of its proposed new rules
for implementing the whistleblower provisions of Section 21F of the Securities
Exchange Act of 1934: Release
No. 34-63237 .
In fashioning these proposed rules, the Commission has
On October 30, 2013, the SEC announced another whistleblower bounty award under the Dodd-Frank whistleblower program. Although the size of this latest award ($150,000) is relatively modest compared to the recent $14 million award (about which refer here...
I am on the ground in Palo Alto this week at the
annual Stanford Law School Directors' College ,
where the opening speaker on Sunday night was SEC Commissioner Troy Paredes ,
whose presentation was in the form of a dialog with Stanford Law Professor...
On May 25, 2011, the SEC adopted the final rules
implementing the whistleblower provisions of the Dodd-Frank Act .
The SEC declined to propose a rule that would have required whistleblowers to
report first through internal corporate compliance programs...
Whistleblower reports to the SEC continued to rise during the latest fiscal year, according to the agency’s annual Dodd-Frank Whistleblower Program report to Congress. According to the November 15, 2013 report, a copy of which can be found here...
No, (to my knowledge) Wikileaks hasn't released detailing
corruption in the SEC. Instead, Sherron Watkins, the primary
whistleblower in the Enron fraud, weighed in on the SEC's
new incentives for whistleblowers . In a panel discussion about...
A number of different organizations generate
annual publicity for themselves by designating a word (or
words) of the year . We are not yet half way through 2011 but I am already
prepared to propose my own candidate for this year's word of the year...
Whistleblower information may be one of the SEC's "most
effective weapons in its new enforcement arsenal," but the agency's
whistleblower program "faces challenges on many fronts," according to an April
23, 2013 New York...
WASHINGTON, D.C. - (Mealey's) The Securities and Exchange Commission
on May 25 adopted 17 new rules providing for whistle-blower incentives and
protection under the Securities Exchange Act of 1934, bringing it in compliance
with the Dodd-Frank...
Even thought the SEC's final
regulations for the Dodd-Frank whistleblower program just became effective
on August 12, 2011, the agency has already filed its first report on the
whistleblower program. Under Section
924(d) of the Dodd Frank Act, the...
Perkins Coie Experts Examine the SEC's Final Rules
Implementing the Hotly Anticipated New Dodd-Frank Whistleblower Bounty Program
and Provide Practical Guidance for Post-Act Compliance
By Patrick Collins Esq., T. Markus Funk Esq.,
Among the many innovations introduced in the massive Dodd-Frank Wall Street Reform and Consumer Protection Act
enacted this past July are the new whistleblower provisions, designed to
encourage employees and others to report securities law violations...