Key Takeaways from the 2013 Office of the Whistleblower Report

It’s been two years since the Dodd-Frank Whistleblower Program – which gives whistleblowers the opportunity to obtain a financial reward – was implemented.  There have been limited rewards under the program (though one reward was certainly noteworthy in its size, $14 million), but whistleblower tips have increased, as many have expected, forcing companies to take note.  The 2013 Annual Report to Congress on the Dodd-Frank Whistleblower Program, recently issued by the SEC, provides information on the tips received and the awards.  Some experts say the Report is too vague and more information is needed for companies to fully understand how to best handle the new law.  This article summarizes the key takeaways from the Report and includes insight from a recent webinar hosted by Securities Docket featuring F. Joseph Warin, partner at Gibson Dunn LLP, and Jay Perlman, Director at Navigant Consulting, Inc.  See “Top FCPA Practitioners Share Strategies for Detecting, Preventing and Responding to Whistleblower Allegations” (Jun. 26, 2013). 

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