SEC Issues Final Rules for Whistleblower Bounties
This past Wednesday, May 25, 2011, the SEC issued its final rules for the Whistleblower Incentives and Protection provisions of the Dodd-Frank Act. Key points: Whistleblowers do NOT have to report violations internally before going to the SEC; Attorneys, auditors and internal compliance personnel are generally not eligible to be whistleblowers; Culpable whistleblowers are not […]
