The whistleblower program included in the Dodd-Frank Wall Street Reform and Consumer Protection Act has kept in-house lawyers and compliance officers busy this year. For evidence of the program’s vitality, look no further than the U.S. Securities and Exchange Commission’s 2015 report to Congress on the topic, released this week.
The annual report reveals continuing growth in the number of whistleblowers coming forward as well as in the total amount of awards given out to those who speak up about corporate wrongdoing. It also shows that the SEC is doubling down on protecting whistleblowers from retaliation.
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