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Stop Wall Street Lobbyists from Destroying Whistleblower Protections! |
As reported in today's Washington Post, historic corporate whistleblower protections passed this summer are in danger of being destroyed by aggressive Wall Street lobbying. Your help is urgently needed to ensure that this does not happen.
The Dodd-Frank Act was designed to hold Wall Street accountable and
prevent another financial meltdown. A centerpiece of that reform was
strong whistleblower protections. The Securities Exchange Commission
(SEC) and Commodities Commission are writing detailed rules implementing
the law and the Wall Street lobbyists are working overtime to kill the
law through the back door. They are winning! The Proposed Rules issued
by the SEC are a major setback for all whistleblowers. Public comment
on these rules closes on December 17, 2010. Your voices are needed now!
The SEC admits that their proposed rules would “limit the pool of
eligible whistleblowers,” “reduce the number of possibly useful
informants,” “discourage some whistleblowers,” cause “persons not to
come forward,” and result in “forgone opportunities for effective
enforcement action.” These are not the rules that Congress intended.
The rules at issue affect every American from the price you
pay at the gas pump (commodities) to the integrity of your retirement
accounts (securities). We cannot allow this law to be
undermined by a corporate-controlled the rulemaking process. Now is the
time to tell the regulators that they must get it right before the final
rules are published. We cannot allow the lobbyist voices to drown out
the public interest.
The public comment period will close in just 25 days!!!
Please PASS
THIS ALERT ON to everyone you know who cares about honesty
on Wall Street and protecting America from another financial meltdown
fueled by greed.
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Tags: Action Alerts, Corporate Accountability
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