Tag: Dodd-Frank

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…




Retention of Employer Documents by Whistleblowers Part 6—Retaining Documents as Protected Activity Under the Dodd-Frank Act

One of the most recent and broad whistleblower laws enacted at the federal level was contained in the Dodd–Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act).  Although there is little caselaw on the statute and the protections it may provide for whistleblowers who collect, retain, and disclose information evidencing wrongful conduct, the Dodd-Frank…




SDNY Holds Dodd-Frank Anti-Retaliation Provision Does Not Protect Foreign Whistleblower

On October 21, 2013, the U.S. District Court for S.D.N.Y. issued an order dismissing a whistleblower retaliation complaint under the Dodd-Frank Act.  The complaint was brought by a former Siemens AG employee against the German conglomerate, alleging that he was retaliated against for raising internal complaints regarding the company’s violations of the Foreign Corrupt Practices…




Metal Whistle

Internal Reporting to Compliance Officer Deemed Protected Activity Under Dodd-Frank Act Anti-Retaliation Provision

On October 16, 2013, the U.S. District Court for the District of Massachusetts issued an important order denying a registered investment advisor’s motion for judgment on the pleadings, holding that a whistleblowing employee’s internal report of potential violations of securities laws is sufficient to trigger protections under the anti-retaliation provisions of the Dodd-Frank Act. In…




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…