The Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) provides monetary awards and anti-retaliation protections to incentivize whistleblowers to report violations of the securities laws and to increase transparency and corporate accountability.
The act was signed into law in 2010 to address widespread concerns regarding corporate corruption and failed internal controls, and its anti-retaliation provisions were implemented through the addition of §21F to the Securities Exchange Act of 1934, and codified at 15 U.S.C. §78u-6. Recent decisions in diverse jurisdictions interpreting the Dodd-Frank Act’s anti-retaliation provisions suggest an emerging trend to extend the act’s protections beyond one who discloses information directly to the SEC to cover those who report violations internally as well, and to include protection for an employee’s "reasonable belief" of a "possible" violation of securities laws.
Anti-Retaliation Provision
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
