RCA Session Offers Insights on Dodd-Frank Whistleblower Regime, Incentives, Anti-Retaliation Protections and Risks

The Dodd-Frank Act created incentives for whistleblowers to report violations of securities laws to the SEC and prohibits retaliation against persons who do so.  It has been nearly four years since the SEC issued its final whistleblower regulations.  A recent program offered by the Regulatory Compliance Association (RCA) provided a thorough overview of both the whistleblower bounty program and the anti-retaliation protections under the Dodd-Frank Act; considered how regulators and courts have interpreted and implemented those provisions; analyzed the interaction of the Dodd-Frank anti-retaliation provisions with those under the Sarbanes-Oxley Act; and offered strategies for mitigating whistleblower risks.  The program featured J. Ian Downes, counsel at Dechert LLP, and Kathleen M. Massey, a partner at Dechert LLP and an RCA Senior Fellow.  This article summarizes the key takeaways from the program.  This month, the RCA will be hosting its Regulation, Operations and Compliance (ROC) Symposium in Bermuda.  For more on ROC Bermuda 2015, click here; to register for it, click here.  For a discussion of another RCA program, see “RCA Asset Manager Panel Offers Insights on Hedge Fund Due Diligence,” Hedge Fund Law Report, Vol. 8, No. 13 (Apr. 2, 2015).

To read the full article

Continue reading your article with a HFLR subscription.