Tag: Bounty

New York Attorneys May be Precluded from Submitting Information Under Dodd-Frank’s Whistleblower Bounty Provision

The Dodd-Frank Act contains a “bounty” provision intended to incentivize whistleblowers to disclosure information to the SEC regarding violations of U.S. securities and trading statutes and other statutes administered by the SEC.  It is now questionable whether New York attorneys, whether in-house or outside, can qualify for such awards if they disclose the confidential information…




SEC Awards Whistleblower $14 Million Under Dodd-Frank

On September 30, 2013, the Securities and Exchange Commission (SEC) announced the largest award to date under the Dodd-Frank Act’s whistleblower provisions.  Under the Dodd-Frank Act whistleblowers who provide original information regarding the violation of one or more statutes or rules administered by the SEC, which results in a total recovery to the SEC of…