January 02, 2013
3000 Whistleblowers Go To The SEC
Posted by David Zaring

Dodd-Frank's whistleblower program is bringing in some tips.  Why is that?  We'll outsource to RegBlog:

To encourage corporate employees to come forward with complaints without fear of retribution by their managers, the SEC established rules that provide for whistleblowers to become eligible for certain financial rewards—between 10 and 30 percent of the total sanction—if the information they provide the SEC leads to successful monetary sanctions of more than $1 million. The Dodd-Frank Act also affords whistleblowers expanded legal protection, giving them the right to sue their employer for retaliating against them.

Administrative Law, Securities | Bookmark

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