Mutual fund workers denied whistleblower coverage

1st Circuit overturns federal judge’s decision to apply SOX provisions to private companies advising public companies

It took a decade, but an appeals court finally ruled on whether Sarbanes-Oxley Act (SOX) provisions can apply to employees of private contractors.

The 1st Circuit last Friday issued its ruling in Lawson et al v. FMR et al, finding that the law protecting whistleblowers at publicly traded companies does not extend to mutual fund employees.

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