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Dodd-Frank Anti-Retaliation Provision May Lead to More Lawsuits That Raise Compliance Issues

Bloomberg Finance

Elizabeth E. McGinn, Andrew W. Schilling

Much attention has been focused on the increasing role of whistleblowers in the government’s pursuit of financial fraud. Several federal statutes create bounty programs, allowing whistleblowers who bring fraud to the government’s attention to recover significant sums. The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (‘‘Dodd-Frank’’) is only the latest example. Dodd-Frank amended the Securities and Exchange Act of 1934 (‘‘Exchange Act’’) to create awards
for whistleblowers who provide information relating to a violation of the securities laws to the SEC.

© 2013 Bloomberg Finance LP. Originally published by Bloomberg Finance LP. Reprinted with permission. The opinions expressed are those of the authors.

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