SEC rejects whistleblower claims for failing to follow Dodd-Frank rules

If you’re looking to be a whistleblower, make sure you fully know the extent of Dodd-Frank

With whistleblower rewards shooting sky high, everyone wants a piece of the action — perhaps even lawyers. However, two recent Securities and Exchange Commission (SEC) cases serve as a reminder that not all attempted whistleblowers will see high rewards.

As revealed by The Wall Street Journal, the SEC finalized two rejections in March of whistleblower cases that began years ago. In both cases, the attempted whistleblowers did not abide by the strict criteria that set forth for whistleblowers through 2010’s Dodd-Frank financial reform law.

Assistant Editor

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Zach Warren

Zach Warren is Assistant Editor of InsideCounsel magazine, where he oversees online content submissions and administers InsideCounsel's enewsletters. Zach specializes in new media and multimedia...

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