Dodd-Frank Offers Whistleblowing Incentives

The bell rings to open and close each day of Wall Street trading. But corporate ears now are on the listen for a different sound—the trill of whistles blown by employees bringing allegations of fraud to the SEC.

The Dodd-Frank financial reform act introduces large monetary incentives for whistleblowers and shields them from retaliation. Is a surge of whistleblowing claims in the offing? Many who say yes point to experience under the False Claims Act, which rewards whistleblowers who identify fraud against the U.S. government, and which has subjected the healthcare industry to immense litigation. Read more…