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According to an article in The Washington Post, the whistleblower provisions of the Dodd-Frank Act (DFA), which provide a substantial incentive to report financial fraud, are expected to generate a substantial increase in whistleblower litigation.
Online PR News – 19-August-2010 –According to an article in The Washington Post, the whistleblower provisions of the Dodd-Frank Act (DFA), which provide a substantial incentive to report financial fraud, are expected to generate a substantial increase in whistleblower litigation. The DFA requires the SEC and Commodity Futures Trading Commission (CFTC) to provide a financial reward to whistleblowers who provide original information leading to monetary sanctions that in excess of $1 million. The law also prohibits employers from retaliating against whistleblowers.
For information about The Employment Law Group® law firm’s SEC Whistleblower Practice and Derivatives Whistleblower Practice, http://employmentlawgroup.com/Articles/ROswald/DoddFrankWhistleblowerProvisions.html
http://www.washingtonpost.com/wp-dyn/content/article/2010/08/13/AR2010081305330.html
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