Haynes and Boone's Newsroom
Compliance & Ethics Professional Guest Article: Three steps to Dodd-Frank whistleblower readiness
01/04/2012
Ryan D. McConnell
In August 2011, the whistleblower protection rule in the Dodd-Frank Act became final. The new rule provides that individuals who voluntarily provide original information to the Securities and Exchange Commission (SEC) about possible US securities violations that result in a successful enforcement action aggregating over $1 million in penalties may collect an award of 10% to 30% of the amount recovered.
Excerpt from the Society of Corporate Compliance and Ethics' Compliance & Ethics Professional, Jan. 4, 2012. To view the full article, click the PDF linked below.
PDF - Three steps to Dodd-Frank whistleblower readiness