FCPA Civil Suit Highlights Uncertainties in Dodd-Frank Whistleblower Protections
March 12, 2012
Jordan A. Thomas comments on protections offered by the SEC whistleblower program
“The implementing rules for the SEC whistleblower program incentivize whistleblowers to report internally,” Jordan Thomas, a partner at Labaton Sucharow LLP who chairs the firm’s whistleblower representation practice, said. ”However, until a whistleblower reports a possible violation to the SEC in accordance with its procedures — which involves filing a form with the commission — they are not eligible for the employment protections associated with the Dodd-Frank program.” That said, Thomas added that those individuals may qualify for other protections under state and federal laws.