Source: Law.com – Newswire
The financial reform package creates a new whistleblower program with potentially huge cash rewards for individuals who provide information about securities law violations to the Securities and Exchange Commission. Under the Dodd-Frank Act, the SEC will pay whistleblowers cash rewards of between 10 percent and 30 percent of any monetary sanctions in excess of $1 million that the government recovers because of whistleblowers’ assistance. Some experts say even companies with robust compliance programs face dangerous waters.
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Corporate Sector Sounds the Alarm Over Financial Reform’s ‘Bounty’ System
July 21, 2010 Leave a Comment
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