• SEC Releases Proposed Rules for Whistleblower Incentives & Protection Program
  • November 26, 2010 | Authors: Nicholas C. Conte; Michael J. Hertz; Kimberly M. Lacy; Russell T. Schundler
  • Law Firms: Woods Rogers PLC - Roanoke Office ; Woods Rogers PLC - Richmond Office ; Woods Rogers PLC - Charlottesville Office
  • On November 3, 2010, the SEC released proposed rules under the Dodd- Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank”) to implement Section 21F of the Securities Exchange Act of 1934 (“Exchange Act”) entitled “Securities Whistleblower Incentives and Protection.” This new whistleblower program will reward individuals who provide the SEC with information that leads to successful enforcement actions.