For Immediate Release
Citizens' Handbook Explains SEC Whistleblower Process
WASHINGTON - The National Whistleblowers Center (NWC) is proud to announce the release of the second edition of The Whistleblower's Handbook: A Step-by-Step Guide to Doing What's Right and Protecting Yourself. This second edition includes a new 20--page checklist on the procedures for obtaining Dodd-Frank Act rewards from the Securities and Exchange Commission (SEC). The checklist covers the SEC's regulations that went into effect on August 11, 2011 and provides insights on how whistleblowers can use the new regulations to maximize their potential rewards. See pages 276-296.
The new edition also explains how whistleblowers can use the Dodd-Frank Act to blow the whistle on violations of the Foreign Corrupt Practices Act (FCPA). The FCPA prohibits companies traded in the United States from bribing officials in other countries. The SEC can require that companies caught violating the FCPA "disgorge" the monies received through the violation. As the SEC penalty can be much greater than the amount of the bribe itself, the whistleblower's reward of 10 to 30 percent of the SEC recovery can also be very large. Whistleblowers anywhere in the world can now submit anonymous reward claims for reporting corruption of local officials. See pages 30-32 and 294-295.
Other new features of the second edition include:
- How to navigate opportunities to report violations to internal channels and the SEC. Pages 280-281.
- Tips for employees of corporate compliance and internal audit departments. Page 282.
- Examples of the types of corporate misconduct that violate SEC rules and can become the basis for Dodd-Frank rewards. Pages 292-293.
- Managing retaliation claims under both the Dodd-Frank Act and the Sarbanes-Oxley Act (SOX). Page 290.
"Employees are often flying blind when they suffer retaliation for reporting waste, fraud, or abuse. The Whistleblower's Handbook was specifically designed to help these employees navigate the maze of whistleblower laws," said Lindsey M. Williams, Director of Advocacy and Development for the National Whistleblowers Center. "Knowing your rights can make the difference between going to jail or obtaining a million dollar reward. This is the compass that whistleblowers have been missing for years."
In addition to explaining the laws covering whistleblower rewards, The Whistleblower's Handbook also explains how employees can save their jobs by qualifying for protection under fifty separate federal anti-retaliation laws. These laws can protect whistleblowers in many segments of the economy, from food safety to consumer protection and environmental enforcement. The Whistleblower's Handbook covers topics such as taping conversations at work, removal of documents and what proof is necessary to win a retaliation case.
The Whistleblower's Handbook is authored by one of America's most experienced and accomplished whistleblower attorneys, NWC Executive Director Stephen M. Kohn. Kohn has successfully represented whistleblowers for over 27 years.
The Whistleblower's Handbook is available for purchase at the NWC Book Store ($16.95, plus shipping and handling). Proceeds benefit the NWC.
Selected Endorsements and Reviews of The Whistleblower's Handbook:
"For the past 25 years, Kohn's been in the trenches fighting the whistleblower wars. The lessons learned from those wars have been distilled in this book."
Since 1988, the NWC and attorneys associated with it have supported whistleblowers in the courts and before Congress and achieved victories for environmental protection, government contract fraud, nuclear safety and government and corporate accountability.