The Dodd-Frank Act's Bounty Hunter Provisions


The Dodd·Frank Act authorizes the SEC and the CFTC to pay whistleblowers bounties for original information about securities and commodities law violations that leads to successful enforcement actions. There are exclusions for information obtained in legal, compliance, or audit functions, unless not disclosed in reasonable time. Business interests take strong exception to the proposed rules, arguing, among other things, that they would give employees an incentive to bypass existing compliance programs to earn a bounty.

Please see full article below for more information.

Please see full article below for more information.

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Topics:  CFTC, Compliance, Dodd-Frank, Qui Tam, SEC, Whistleblowers

Published In: Administrative Agency Updates, Finance & Banking Updates, Securities 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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