Friday, November 12, 2010

Fund Managers Beware: Dodd-Frank Has Provided for "Bounties" for Whistleblowers

Regulations on whistleblower "bounty" provisions have been released....

The fact that there is now an institutionalized bounty system at all is surprising, indeed a bit shocking.  If this works, will there be new 'bounties' in future, say for ratting out your doctor, accountant, neighbor, or wife ?

All you whistleblowers note:  before you blow the whistle, it looks like you will need to spend quite a bit of time consulting with an attorney to determine the chances that you will actually be compensated by the SEC, because this regulation is definitely not straightforward...

Dodd-Frank Whistleblower Bounty Provisions