On August 21, the SEC announced that it awarded its first whistleblower bounty, just over one year after the SEC’s Dodd-Frank whistleblower rules became effective.  The SEC’s Claims Review Staff issued a short order, Release No. 34-67698, granting the whistleblower’s award, which notes that the SEC declined to award a claim to a second whistleblower involved in the action. This alert, written by Mike Delikat, Renee Phillips and Rachel Coe, discusses what this means to companies, and what proactive steps should be considered. Click here to read more.