Tag Archives: Dodd-Frank Act
Consumer Financial Product Whistleblower Claims on the Rise
Since the Dodd-Frank Wall Street Reform and Consumer Protection Act was enacted in 2010, there has been a significant rise in complaints filed under the Consumer Financial Protection Act (CFPA), with a corresponding drop of SOX complaints filed through the Occupational Safety and Health Administration (OSHA). The total amount of whistleblower complaints has been on […]
Second Circuit: No Dodd-Frank Protections for Whistleblowers Overseas
The U.S. Second Circuit Court of Appeals made an important ruling in August, deciding that the whistleblower protections in the 2010 Dodd-Frank Act do not cover individuals who work for companies located outside the United States. In the ruling, the court sided with Siemens AG, a well-known German engineering and technology firm, in a case […]
SEC Rulings Remind Whistleblowers of the Importance of Procedure
You will never understand bureaucracies until you understand that for the bureaucrats procedure is everything and outcomes are nothing. — Thomas Sowell Proper procedures are of the utmost importance for whistleblowers seeking to gain legal protections and financial rewards for their disclosures. The mere fact that you provided information that saved the government millions of […]
CFTC Starts Flexing Muscle in New Whistleblower Program
Although it has been nearly four years since the passage of the massive Dodd-Frank Wall Street Reform and Consumer Protection Act, changes to the Act and the myriad of regulations that support it are common. New programs directed under the Act continue to come online. Recently, a new whistleblower program created by the Act under […]
Retaliating Against a Nuclear Power Whistleblower
From the recent reports of retaliatory acts against whistleblowers, some wonder if the protections under the Dodd-Frank Act proscribing retribution against tipsters are known to companies and government offices. Regardless of whether a company committed fraud or other illegal acts, punishing employees who reported their suspicions is illegal. We will examine two whistleblowers who put […]
