For Immediate Release
SEC Whistleblower Rules Go Into Effect Today
Calling All Whistleblowers: Reward Eligibility Clock Starts Rolling Today in 170 Cases
WASHINGTON - Today, the Security and Exchange Commission's (SEC) Final Rules implementing the whistleblower provisions in the Dodd-Frank Wall Street Reform and Consumer Protection Act go into effect. The SEC has simultaneously launched a new Office of the Whistleblower website today. The website is a major resource for the public and whistleblowers. You can access the website at this link: http://www.sec.gov/
One of the most important sections of the new SEC Whistleblower website is the "Claim an Award" section, which lists 170 SEC actions that are covered under the Dodd-Frank Act. Whistleblowers have ninety (90) calendar days to apply for an award by submitting a completed form to the Office of the Whistleblower. The National Whistleblowers Center strongly encourages whistleblowers to check out this page so they do not miss their opportunity to apply for a financial reward.
Lindsey M. Williams, Director of Advocacy and Development for the National Whistleblowers Center, issued the following statement:
Corporate fraud hurts businesses, consumers, and taxpayers. Employees must be encouraged and protected to come forward with credible information of fraud to the SEC or to an internal compliance system. The SEC's new whistleblower award rules are designed to do just that.
Anyone interested in claiming a whistleblower award should immediately check the "Claim an Award" section of the SEC whistleblower website. If an employee misses the 90-calendar day deadline for submitting a form for an award they will be out of luck.
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.