In 2002, Congress passed the historic Sarbanes-Oxley Act, which protects employees of publicly traded companies who report violations of Securities and Exchange Commission regulations or any provision of federal law relating to fraud against the shareholders.
Employees of publicly traded companies and contractors, subcontractors, and agencies of publicly traded companies.
The Sarbanes-Oxley Act broadly defines protected activity to include reports made to federal regulatory and law enforcement agencies, Congress, an employee’s supervisor, and internal corporate investigators. The law also protects employees who participate or testify in SEC regulatory proceedings or other federal proceedings related to fraud against shareholders.
Adverse changes to the whistleblowers terms and conditions of employment are prohibited. This includes a wide range of actions from reprimands to termination and blacklisting.
US Department of Labor Office of the Assistant Secretary Occupational Safety and Health Administration - Room: S2315 200 Constitution Avenue Washington, DC 20210 202-693-2000
A complaint filed under the Sarbanes-Oxley Act must be filed with the Department of Labor in writing within 90 days of the time an employee learns that he or she will be, or has been, subjected to discrimination, harassment, or retaliation.
Employees who prevail are entitled to:
- Back pay with interest
- Complete “make-whole” compensation (including restoration of seniority/sick leave, etc.)
- “Special Damages” (for emotional distress and loss of professional reputation) *
- Attorneys’ fees and costs
- “Affirmative Relief” (such as requiring a letter of apology and formal posting of the decision)
Many other federal and state laws have been enacted to protect whistleblowers. The New Whistleblower's Handbook: A Step-by-Step Guide to Doing What's Right and Protecting Yourself is the first-ever consumer's guide to whistleblowing. It contains twenty-one clear and comprehensive rules that fully explain the how to effectively blow the whistle. This book is also available directly from the publisher, or at a public library. It is very important that you review this resource in order to determine what laws may protect you and whether you need to take immediate action to protect your rights. For more information about this and other whistleblower publications, please visit the National Whistleblowers Center’s Book Store