The Dodd-Frank Wall Street Reform and Consumer Protection Act was designed to protect investors and American citizens from fraud and corruption. But, since most major American companies have a wide international reach, questions inevitably arose as to whether certain provisions of the law apply overseas. Now, a federal court has provided some clarification.
One of the key components of Dodd-Frank is its whistleblower provision. To encourage tips about illegal activity, Dodd-Frank created the Office of the Whistleblower, including an anonymous tip line. The law also included protections against retaliation for whistleblowers, a key element that provides a sense of security for potential whistleblowers.