The SEC adopted long-awaited final rules that govern the Commission’s whistleblower program established by the 2010 Dodd-Frank financial reform law at a public meeting this morning.  The program provides whistleblowers with financial awards if they provide original information to the SEC leading to a successful enforcement action. Despite a rigorous campaign by corporate interests led [...]

With the Securities and Exchange Commission due to vote this week on final rules for its new whistleblower-reward program, attorneys who represent corporate whistleblowers are urging the SEC to reject business-backed demands to penalize insiders who report securities violations directly to the commission without first using internal compliance mechanisms.  Michael A. Sullivan of Atlanta and [...]