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SEC Whistleblower Rules Go Into Effect Today |
Calling All Whistleblowers: Reward Eligibility Clock Starts Rolling Today in 170 Cases
One of the most important sections of the new SEC Whistleblower
website is the "Claim
an Award" section, which lists 170 SEC actions that are covered
under the Dodd-Frank Act. Whistleblowers have ninety (90) calendar days
to apply for an award by submitting a completed form to the Office of
the Whistleblower. The National Whistleblowers Center strongly
encourages whistleblowers to check out this page so they do not miss
their opportunity to apply for a financial reward.
Lindsey M. Williams, Director of Advocacy and Development for the
National Whistleblowers Center, issued the following statement:
We are pleased that the SEC has launched the Office Of Whistleblower
website. It will go a long way in detecting and deterring corporate
fraud. The SEC Final Rules encourage internal reporting, but also
protect an employee who has no faith in a company's internal compliance
system and wants to report the fraud directly to the SEC.
Corporate fraud hurts businesses, consumers, and taxpayers. Employees
must be encouraged and protected to come forward with credible
information of fraud to the SEC or to an internal compliance system.
The SEC's new whistleblower award rules are designed to do just that.
Anyone interested in claiming a whistleblower award should immediately
check the "Claim an Award" section of the SEC whistleblower website. If
an employee misses the 90-calendar day deadline for submitting a form
for an award they will be out of luck.
The National Whistleblowers Center (NWC) sister organization the
National Whistleblower Legal Defense and Education Fund may be able to help
whistleblowers looking for helping reporting fraud to the SEC find an
attorney through the confidential
Attorney Referral Service.
Links:
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