The Evolution of the SEC Whistleblower: From Sarbanes-Oxley to Dodd-Frank
The Banking Law Journal
October 18, 2012
The article analyzes the whistleblower regimes that have been enacted by Congress over the past decade, which now are central to the regulation of the financial services industry. The article reviews the Sarbanes-Oxley whistleblower statute and the related Dodd-Frank provisions. It discusses the SEC’s actions in connection with Dodd-Frank, the Department of Justice’s whistleblower ombudsman and one of the SEC’s recent large whistleblower payouts. Finally, the article assesses what these developments mean for financial institutions.