Whistleblower Protection Blog

Whistleblower Protection Blog

Advocating Whistleblower Rights for over Twenty Years

Tag Archives: Dodd-Frank Act

Wall Street’s War on Corporate Whistleblowers Reaches Supreme Court

Posted in Corporate Whistleblowers, Legislation, News
U.S. Supreme CourtThe fate of corporate whistleblowers and compliance programs is on the line as the U.S. Supreme Court reviews the case of Digital Realty Trust V. Somers. At issue in this case is whether whistleblowers who report potential violations within their organizations, as opposed to reporting directly to the U.S. Securities and Exchange Commission (SEC), are protected under the Dodd-Frank Act (DFA).… Continue Reading

Thousands of Whistleblower Cases in Jeopardy

Posted in Corporate Whistleblowers
This term the U.S. Supreme Court will decide Digital Realty Trust v. Somers (Digital), one of the most important whistleblower cases to come before the Court in 20-years.   The Chamber of Commerce and its Wall Street allies want to strip all employees who report securities frauds internally to their compliance departments or managers from protection under the Dodd-Frank Act’s (DFA)… Continue Reading

U.S. Supreme Court to Review Dodd-Frank Anti-Retaliation Provisions

Posted in Corporate Whistleblowers, News
Corporate whistleblower protection “undermined” if internal complaints not protected. Washington, D.C. June 26, 2017.  The U.S. Supreme Court granted certiorari today in the case of Digital Realty Trust, Inc. v. Somers, Paul.  The Court will decide the issue of whether internal reports to managers are covered under the Dodd-Frank Act’s anti-retaliation law.… Continue Reading

NWC Leads Opposition to Anti-Whistleblower Financial CHOICE Act

Posted in Corporate Whistleblowers
Later this week, the House of Representatives is set to vote on the Financial CHOICE Act. Congressman Jeb Hensarling (R – TX), Chair of the House Financial Services Committee, designed and championed this bill. The CHOICE Act will repeal major parts of the Dodd-Frank Wall Street Reform and Consumer Financial Protection Act, and deregulate U.S. financial markets. The bill also advances… Continue Reading

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

Posted in Corporate Whistleblowers
Today, 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