SEC Takes Whistleblower Protections Very Seriously; Corporations Should Too

The media routinely reports SEC whistleblower settlements and the agency has not been shy to boast about its accomplishments. The leaders of the SEC have been extremely vocal about its zero tolerance policy for securities law violations. In fact, the SEC Whistleblower Program is one of the U.S. Government’s most aggressive whistleblower programs. Yet, despite… Read More

New York Attorney General Proposes New Financial Fraud Whistleblower Legislation

Currently in New York, there is no law to protect whistleblowers who report securities or other financial violations. New York Attorney General Eric T. Schneiderman is hoping to change that. He is proposing a new bill – the Financial Frauds Whistleblower Act. The proposed whistleblower program provides similar protections as the SEC whistleblower program.  That… Read More

SEC Warns Employers to Stay Clear of “Pre-taliatory” Acts

In 2010, President Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act into law and established the SEC Office of the Whistleblower. This act was in response to the Great Recession and the need for greater transparency and accountability in the financial system.  The SEC Office of the Whistleblower allows whistleblowers to provide… Read More