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Dodd-Frank Whistleblower Provisions Are Expected to Generate Increase in Whistleblower Litigation

August 17th, 2010 · No Comments

According to an article in The Washington Post, the whistleblower provisions of the Dodd-Frank Act (DFA), which provide a substantial incentive to report financial fraud, are expected to generate a substantial increase in whistleblower litigation.  The DFA requires the SEC and Commodity Futures Trading Commission (CFTC) to provide a financial reward to whistleblowers who provide original information leading to monetary sanctions that in excess of $1 million.  The law also prohibits employers from retaliating against whistleblowers.

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Tags: Dodd-Frank Act · Financial Institutions Reform