New SEC Whistleblower Law: Will it Work?

Dina Rasor’s weekly Solutions Column that appears in Truthout.org highlights the new SEC Whistleblower law that boosts the reward for information on Wall Street fraud.  Similar to the federal qui tam law, this new law also includes provisions that increase protection for whistleblowers from retaliation.  Wall street companies fought, unsuccessfully, to defang the law and place obstacles in the way to make it difficult for whistleblowers to be successful.  “SEC whistleblowers, armed with these new and effective rules, need to come out of the closet and start getting cases started with the SEC.  The more cases that are successful, the harder it will be to deform this law,” writes Rasor.

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