Whistleblower Protection Blog

Whistleblower Protection Blog

Advocating Whistleblower Rights for over Twenty Years

Tag Archives: Dodd-Frank Act

National Whistleblower Center Testifies Before House Committee in Defense of the SEC Whistleblower Program

Posted in Corporate Whistleblowers
CymyNatWEAEJDZ2Today, National Whistleblower Center Executive Director Stephen Kohn submitted testimony to the House Financial Services Committee in defense of the Securities and Exchange Commission’s (SEC) whistleblower program—a highly successful program that has protected investors and recovered $1 billion from Wall Street fraudsters since its inception. Section 823 of the draft Financial Choice Act of 2017 directly, and negatively, impacts the… Continue Reading

Deutsche Bank Whistleblower Should Accept SEC Whistleblower Award

Posted in Claim SEC Award, Corporate Whistleblowers
Deutsche Bank Whistleblower Should Accept SEC Whistleblower AwardThere are more effective ways to protest lax enforcement of financial fraud Last week, it was widely reported that Eric Ben-Artzi, a Deutsche Bank whistleblower stated he will refuse a portion of his whistleblower award from the U.S. Securities and Exchange Commission’s whistleblower program.   Mr. Ben-Artzi had worked at the bank as a vice president and he tells an all… Continue Reading

SEC Annual Report Highlights Success of International Whistleblower Program

Posted in Corporate Whistleblowers, International
SEC Whistleblower Program SuccessWashington, DC, November 16, 2015.  The SEC’s Office of the Whistleblower issued its annual report today highlighting the successes of the Office.  This includes payments of more then $37 million to whistleblowers in 2015 and a 30% increase in the amount of claims filed with the office.  The SEC also took enforcement action to ensure that corporations stop using restrictive… Continue Reading

Whistleblower to Receive $290,000 Award From CFTC

Posted in Corporate Whistleblowers
Whistleblower to Receive $290,000 Award From CFTCThe U.S. Commodity Futures Trading Commission announced yesterday that it will make an award of approximately $290,000 to a whistleblower for providing valuable information about violations of the Commodity Exchange Act (CEA). Under the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, the CFTC’s Whistleblower Program provides monetary awards to persons who report violations of the CEA if… Continue Reading

SEC Says Employees Protected For Internal Whistleblowing

Posted in Corporate Whistleblowers
SEC Says Employees Protected For Internal WhistleblowingOn August 4, 2015, the Securities and Exchange Commission (“SEC”) issued an interpretive rule to dispel confusion over whether employees who only report violations to their employer are protected by the Dodd-Frank whistleblower protection provision. The SEC will formally publish this interpretative rule in the Federal Register and it will operate as an amendment to the Dodd-Frank whistleblower rules. A… Continue Reading

Whistleblower Leyla Wydler suffered to bring Stanford to justice

Posted in Corporate Whistleblowers
Yesterday’s conviction of Ponzi schemer Allen Stanford generated much news.  Most of the coverage, however, is missing the role of whistleblower Leyla Wydler.  Two weeks ago on Honesty Without Fear, I interviewed Eyal Press about his new book, Beautiful Souls: Saying No, Breaking Ranks, and Heeding the Voice of Conscience in Dark Times. We discussed his chapter about Wydler’s resistance… Continue Reading

“From Whistleblower to RICO Claimant”

Posted in Corporate Whistleblowers
Originally Published by FCPA Compliance and Ethics Blog Author: Thomas Fox The holiday season is past and many of us have returned to work. However, if you are a Chief Compliance Officer (CCO) there is a gift that you may wish to give yourself, it is “The Whistleblower’s Handbook – A Step-by-Step Guide to Doing What’s Right and Protecting Yourself”… Continue Reading

New Consumer Financial Protection Bureau wants whistleblowers to call

Posted in Corporate Whistleblowers
The newly created federal Consumer Financial Protection Bureau (CFPB) has issued a call to whistleblowers. The CFPB is seeking “knowledgeable sources with information about potential violations of Federal consumer financial laws.” They can submit their information by email to whistleblower@cfpb.gov, or they can call toll-free at (855) 695-7974. The CFPB announcement recognizes that Section 1057 of the Dodd-Frank Act creates… Continue Reading

House Subcommittee wants SEC to give companies whistleblowers disclosures

Posted in Corporate Whistleblowers, Legislation
Last week, a House Subcommittee "marked-up" a bill that would seriously undercut the strength of the whistleblower protections in the Dodd-Frank Act.  This Subcommittee is the Capital Markets and Government Sponsored Enterprises Subcommittee of the House Financial Services Committee. Their mark-up of H.R. 2483 sends it to the full Committee for consideration. Take action to stop the bill. H.R. 2483… Continue Reading

Most Americans would use Dodd-Frank whistleblower process

Posted in Corporate Whistleblowers
The New York City law firm of Labaton Sucharow released a survey yesterday that finds that 78% of Americans would report wrongdoing in the workplace if it could be done anonymously, without retaliation and result in a monetary award.  These are precisely the conditions established by the new Dodd-Frank Act whistleblower protections. However, the survey also finds that 68% of… Continue Reading

Last Call for July 20th Whistleblower Seminar

Posted in Events
The NWC is gearing up for our special seminar tomorrow in Washington, D.C. at the Willard Intercontinental Hotel, entitled “The NEW Corporate Whistleblower Protections and Rewards Provisions.” The entire NWC staff and I are looking forward to attending this open discussion on the newest whistleblower protection laws, which is also available via conference call. We’re excited to offer you the… Continue Reading

Seats Remaining for Los Angeles CLE Seminar

Posted in Events
Tomorrow, June 28th, NWC Executive Director Stephen M. Kohn will present his Corporate Whistleblower CLE seminar in Downtown Los Angeles at Carlsmith Ball LLP. Space is still available for this special seminar. The event will run from 10:00 am to 1:00 pm (PDT), and will focus on the new Dodd-Frank corporate whistleblower provisions adopted by the SEC and will also… Continue Reading

Early Bird Discount Extended for Dodd-Frank Seminar

Posted in Events
In a few weeks, the National Whistleblowers Center will be hosting a seminar in three locations in the western United States. The seminar is entitled The NEW Corporate Whistleblower Protections and Reward Provisions. On June 23rd, NWC Executive Director Stephen Kohn will host his seminar in Denver. Mr. Kohn will then travel to San Francisco for a seminar on June… Continue Reading

SEC to vote on whistleblower regs next Wednesday

Posted in Corporate Whistleblowers
The Securities and Exchange Commission (SEC) has just announced that it will hold a vote on its whistleblower regulations at its meeting scheduled for next Wednesday, May 25, 2011, at 9:30 a.m. The regulations are controversial. Business interests have been pushing hard for a series of hurdles that will weaken the Dodd-Frank Act. The National Whistleblowers Center (NWC) submitted comments… Continue Reading

Rewards for whistleblowers examined

Posted in Corporate Whistleblowers, Legislation, News
Yesterday, the Christian Science Monitor released a story about the rewards available to corporate whistleblowers under the Dodd-Frank Act. Correspondent G. Jeffrey MacDonald writes that, "Whistle-blowing is about to get more profitable." He quotes Stephen M. Kohn, Executive Director of the National Whistleblowers Center (NWC). Kohn explains that whistleblowers need to know that compensation is waiting because they’ll probably never… Continue Reading

Judge says Dodd-Frank arbitration ban applies retroactively

Posted in Corporate Whistleblowers
U.S. District Court Judge Douglas Woodlock issued an order yesterday that applies a ban on arbitration agreements retroactively. Congress enacted the ban as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act.  Section 922 of the Dodd-Frank Act amends the Sarbanes-Oxley Act (SOX) to say that, "No predispute arbitration agreement shall be valid or enforceable, if the agreement… Continue Reading

CFTC invites comments on whistleblower regs

Posted in Corporate Whistleblowers, False Claims / Qui Tam, Legislation
The Commodities Future Trading Commission (CFTC) has proposed a series of regulations to implement the Dodd-Frank Wall Street Reform and Consumer Protection Act. Members of the public are invited to comment on the proposed whistleblower regulations until February 4, 2011. We can expect a replay of the conflict generated by the rulemaking of the Securities and Exchange Commission (SEC). Industry… Continue Reading