Posted On: December 23, 2011 by Blum Law Group

Blum Law Group Attorneys Published in National Law Journal on the SEC Whistleblower Incentives under Dodd-Frank

Blum Law Group attorneys Scott Silver and Janine Arno co-authored an article “SEC Whistleblower Incentives under the Dodd-Frank Wall Street Reform Act.” Their article was published this month in PIABA Bar Journal, a national publication focusing on the practice of securities arbitration. For a copy of the article, click here.

Mr. Silver and Ms. Arno’s article provides the history of whistleblowers, the controversy surrounding the SEC’s whistleblower legislation, and protections afforded to whistleblowers under the act. The article also discusses the detailed requirements for meeting the SEC whistleblower rules requirements and the exacting procedures for filing a claim with the SEC, including ways for whistleblowers to report anonymously to the SEC and ways to potentially maximize their awards.

The SEC implemented its whistleblower legislation in August 2011, enabling the SEC to pay substantial awards to eligible whistleblowers who voluntarily provide the SEC original information about a violation of the federal securities laws that leads to the successful enforcement or related action resulting in monetary sanctions exceeding $1 million. Pursuant to the conditions of the regulations, which are described in detail in Mr. Silver and Ms. Arno’s article, whistleblowers are entitled to up to 30% of the SEC's monetary recovery in successful actions.

Blum Law Group is a nationally recognized law firm dedicated to the practice of securities litigation, and has extensive experience with the laws and regulations of the SEC. If you have information regarding securities laws violation, contact Blum Law Group for a no-cost consultation.