Whistleblower Law Blog
The Employment Law Group® Speaks on Whistleblower Provisions in the Dodd-Frank Act at ALI-ABA Fall 2010 Seminar
On September 21, 2010, Jason Zuckerman, a Principal at The Employment Law Group® law firm will speak at the ALI-ABA Fall 2010 seminar on the whistleblower provisions of the recently enacted Dodd-Frank Wall Street Reform and Consumer Protection Act, which we blogged about here. Zuckerman will discuss Sections 1057, 922 and 748 of the Dodd-Frank Act. Section 1057 prohibits employers from terminating or discriminating against employees in the financial services industry who report fraud or other illegal activity. Section 922 authorizes the Securities and Exchange Commission (SEC) to reward whistleblowers who report fraud committed by a publicly-traded company 10% to 30% of the amount recovered by the SEC. Similarly, Section 748 authorizes the Commodity Futures Trading Commission (CFTC) to reward whistleblowers who report fraud 10% to 30% of the amount recovered. Both Sections 748 and 922 also prohibit employers from retaliating against employees who report fraud to the government.