How the Dodd-Frank Act strengthens the whistleblower protections and incentives of the Sarbanes-Oxley Act.
September 13, 2010 - Comments Off
The passage of the Dodd–Frank Wall Street Reform and Consumer Protection Act in late July of this year includes a robust strengthening of the protections already given to workplace whistleblowers under the Sarbanes-Oxley Act of 2002 (SOX). In an effort to rein in the rampant financial misconduct that contributed in part to the 2008 financial [...]
September 8, 2010 - Comments Off
In an effort to curb financial misconduct in the wake of the 2008 recession, the recent Dodd-Frank act strengthened the whistleblower protection measures of Sarbanes-Oxley Act by providing incentives to informants who step forward and speak up. According to the act, informants who provide “original information” to the Securities and Exchange Commission can be awarded [...]