Dodd-Frank: Impact of the Whistleblower Incentives and the Corporate Response

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When President Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act ("Dodd-Frank" or the "Act") into law on July 21, 2010, it was a major step towards the administration's goal of promoting increased accountability and transparency in the United States' financial system. The Act contains sweeping reforms impacting all aspects of the financial system from corporate governance to securities law to executive compensation. Among Dodd-Frank's voluminous reforms are extensive provisions regarding whistleblowers and the protections afforded to them in reporting securities violations. The Act's whistleblower provisions, which are the focus of this article, create robust financial incentives and increased antiretaliation protections for individuals who provide information that assists in the successful enforcement of the country's securities regulations.

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Published In: Administrative Agency Updates, Consumer Protection Updates, Finance & Banking Updates, Labor & Employment Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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