SEC Issues Final Whistleblower Rules Under Dodd-Frank: Incentives and Protections

On May 25, 2011, the SEC released its proposed final rules for whistleblowers, as required by the Dodd-Frank Act. The SEC‘s 305-page release addresses and resolves numerous issues raised in the rulemaking process. This Alert focuses on two issues of particular significance to our clients: (i) defining which individuals qualify as “whistleblowers” protected from retaliation under Dodd Frank, and (ii) whether the SEC requires employees to first comply with a corporation’s internal compliance policies before “blowing” the whistle externally. Click here to read more.