Litigation partner John Carney and litigation associate Francesca Harker published “How should public companies respond to the SEC’s final whistleblower rules?” which appeared in The National Law Journal on June 13.
The article conveys that the U.S. Securities and Exchange Commission vote on May 25, adopting final rules implementing the whistleblower provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act, has the potential to greatly increase reporting of possible corporate misconduct to the SEC.
Despite requests from numerous public companies, the SEC did not include a requirement that whistleblowers first report violations through internal compliance programs as a prerequisite for award eligibility.
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