The Sounds of New Whistleblower Awards and Protections under the Dodd-Frank Act

Für diejenigen, die sich mit dem Thema Whistleblowing befassen (Einflüsse in Deutschland zunehmen bemerkbar), Artikel zu eben diesem (US-)Thema: Article Whistleblower Awards and Frank Dodd Act

Allen B. Roberts, EpsteinBeckerGreen;  With its enactment of financial reform legislation, Congress has elevated and expanded whistleblowing, giving it a more critical and mainstream function in the regulatory and enforcement scheme. The recently enacted Dodd-Frank Wall Street Reform and Consumer Protection Act1 (Dodd-Frank) breaks from some conventional patterns in granting potential bounty awards and creating employment protection against retaliation for those who „blow the whistle“ in matters involving securities, commodities and futures, and consumer financial products. By mandating
whistleblowing for rating organizations, Dodd-Frank also expands a relatively limited
notion that whistleblowing is an obligation, and not merely an option. Accompanying
these entirely new extensions of coverage are some significant changes enabling
whistleblowers to fare better under the Sarbanes-Oxley Act (Sarbanes-Oxley) and
the False Claims Act (FCA). But even where common concepts, definitions, and
procedures would seem to deserve identical treatment, Dodd-Frank lacks drafting
uniformity – potentially affecting outcomes and assuredly inviting attention to detail.

 

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