Regulatory & Compliance

Regulatory & Compliance

George J. Terwilliger III | White & Case LLP

Ten months after Congress created a new whistleblower program for the U.S. Securities and Exchange Commission ("SEC") as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act ("Dodd-Frank"),1the SEC adopted rules to implement the program. By a 3 to 2 vote on...

Regulatory & Compliance

Arthur H. Aufses III, David S. Frankel, Alan R. Friedman, Theodore S. Hertzberg | Kramer Levin Naftalis & Frankel LLP

On May 25, 2011, by a 3-2 vote, the Securities and Exchange Commission adopted a final rule implementing the whistleblower incentives provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 ("Dodd-Frank"). In a previous Metropolitan Corporate Counsel article...

Regulatory & Compliance

Alice Hsu, Julie M. Kaufer | Akin Gump Strauss Hauer & Feld LLP

Editor: Please comment on how the new rules for whistleblowers differ from the SEC's current whistleblower program. Hsu: In July 2010, the Dodd-Frank Act added Section 21F to the Securities Exchange Act of 1934. This new section requires the SEC, pursuant to such rules as it adopts, to pay...