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SEC’s Whistleblower Rules Are Now Effective

On August 15, 2011 by Schnader

On May 25, 2011, the Securities and Exchange Commission (“SEC”) adopted final rules implementing the whistleblower provisions of the Dodd-Frank financial reform regulations, which provide that individuals who report potential securities violations to the SEC may be entitled to a reward of between 10 and 30 percent of any monetary recovery exceeding $1 million. This program affects every public company and became effective on August 12, 2011. 

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