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What Do the SEC’s Proposed Whistleblower Rule Amendments Mean for Businesses?

On January 22, 2019 by Schnader

Laurel Gift, Chair of the Criminal Defense and Internal Investigations practice group, published “What Do the SEC’s Proposed Whistleblower Rule Amendments Mean for Businesses?” in the ACC Docket, a publication of the Association of Corporate Counsel. Gift co-wrote the article with Masha Trainor, Vice President, General Counsel, and Corporate Secretary of Ampco-Pittsburgh.

The article begins:

“In June of 2018, the US Securities and Exchange Commission (SEC) voted to propose amendments to the rules governing its whistleblower program. The proposed amendments are, at least in part, a response to the US Supreme Court’s 2018 holding in Digital Realty Trust, Inc. v. Somers, and its effect on the definition of “whistleblower.” In light of both the Digital Realty Trust decision and the proposed regulatory changes, in-house counsel and compliance leaders should examine their internal reporting policies, ensure that multiple avenues for internal reporting exist, and implement procedures for conducting efficient internal investigations.”

Click here to read the full article in PDF format.