The Securities and Exchange Commission voted unanimously last week to propose rules for the new whistleblower program that rewards individuals who provide the agency with “high-quality tips that lead to successful enforcement actions.” The new program was included in the Dodd-Frank Wall Street Reform and  Consumer Protection Act that was enacted earlier this year.  In [...]

As more and more whistleblower retaliation cases are tried under the Sarbanes-Oxley act, judges continue to weigh in on its meaning and implications, fleshing out both its reach and its limitations.  In a setback for those seeking to empower and protect whistleblowers through the Act, the U.S. Court of Appeals for the Second Circuit recently [...]

In an effort to curb the rampant financial misconduct that contributed to the 2008 financial crisis, exemplified by Bernard Madoff’s notorious ponzi scheme, the Dodd-Frank Financial Reform Act of 2009 required the Securities and Exchange Commission to set aside at least $300 million in rewards for financial industry whistleblowers to incentivize internal reports of financial [...]