Washington D.C. May 25, 2011. Today, the Securities and Exchange Commission (SEC) announced rules to implement the whistleblower provisions in the Dodd-Frank Wall Street Reform and Consumer Protection Act. The rules will have a major impact on the ability of corporate employees to report fraud and protect the integrity of financial markets.
According to the Fact Sheet issued today by the SEC, the Commission rejected corporate-sponsored demands that would have required whistleblowers to report their concerns internally to their employer before blowing the whistle to the government. The NWC strongly opposed these lobbying efforts, spearheaded by the Chamber of Commerce.
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Washington D.C. May 24, 2011. Tomorrow, May 25th at 9:30 a.m. EST, the Securities and Exchange Commission (SEC) will meet to vote on its final rules for the whistleblower provisions in the Dodd-Frank Wall Street Reform and Consumer Protection Act. The rules will directly relate to the new "bounty" provisions in the Securities Exchange Act, which requires the SEC to pay whistleblower rewards.
Stephen M. Kohn, NWC Executive Director, issued the following statement:
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Washington, D.C.
May 19, 2011. Today, the
Securities and Exchange Commission (SEC) announced the Commissioners will meet
on May 25th at 9:30 a.m. EST to vote on its final rules for the
whistleblower provisions in the Dodd-Frank Wall Street Reform and Consumer
Protection Act. The rules will
directly relate to the new "bounty" provisions in the Securities Exchange Act,
which requires the SEC to pay whistleblower rewards.
The
whistleblower rules have been among the most controversial in the Dodd-Frank
Act. The Chamber
of Commerce and other corporate lobbyists aggressively campaigned to
water down whistleblower rights.
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Washington D.C. May 11, 2011. Today at 2:00 pm EST, the Capital Market and Government Sponsored Enterprises Subcommittee of the House Committee on Financial Services will be holding a hearing on an anti-whistleblower bill proposed by Congressman Michael G. Grimm (R-NY, 3rd). The bill amends the Security Exchange Act to reverse the main whistleblower protections in the Dodd-Frank and creates unprecedented sweeping restrictions on the ability of employees to blow the whistle on corporate fraud. Some of the most alarming features in the bill are:
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Tags: Federal Employee Protections
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Washington, D.C. April 26, 2011. On May 4, 2011, Executive Director of the National Whistleblowers Center (NWC), Stephen M. Kohn will be in Pittsburgh and available for interviews regarding the most recent developments in whistleblower protections.
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