The Dodd-Frank Reform Act Of 2010
One of the most unique laws to come out of any presidential office happened on July 21, 2010. The existing president of the United States signed into law the Dodd-Frank Wall Street Reform and Consumer Protection Act. This legislation covers a rather wide range of topics that would address the causes of the financial crash of 2008 and 2009 that was one of the most devastating actions to ever happen to the financial markets of this country. It’s one of the best reforms that target those whistleblowers who could not decide without fear of retribution, between the truth or the lies.
Whistleblower Incentives And Protection!
The Dodd-Frank Act whistleblower programs provided an expansion of the original protection Act of 2002. The new Act of 2010 offers a cause of action for employees performing tasks that are or would be related to consumer financial products or services. Basically, it targeted and provided motivation for those employees or non-employees who have inside knowledge, to come forth and assist the government to identify and bring to justice persons who have violated any type of securities laws; ergo, recovering money for victims of financial fraud.
Note: The Dodd-Frank Act does provide monetary incentives for whistleblowers to assert their rights by reporting commodities and securities fraud violations. Awards can be paid to one or more whistleblowers who voluntarily provided the government original information that leads to a successful enforcement of said law. Not less than 10 percent or more than 30 percent in total of the collections is normal.
To learn more about dodd frank whistleblower visit us at SECWhistleblowerCenter.org.
SEC Whistleblower Program 