For Immediate Release
Final Whistleblower Provisions in Dodd-Frank Act to be Announced Tomorrow Morning
WASHINGTON - Tomorrow, May 25th at 9:30 a.m. EST, the Securities and Exchange Commission (SEC) will meet to vote on its final rules for the whistleblower provisions in the Dodd-Frank Wall Street Reform and Consumer Protection Act. The rules will directly relate to the new "bounty" provisions in the Securities Exchange Act, which requires the SEC to pay whistleblower rewards.
Stephen M. Kohn, NWC Executive Director, issued the following statement:
Early indications are that the SEC will bow to corporate pressures and cut Dodd-Frank whistleblower protections off at the legs. We hope we are wrong.
NWC Dodd-Frank Rulemaking page -- links to memos from Commissioner meetings, NWC public comments, and other related materials
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.