Katz, Marshall & Banks partner David J. Marshall and Associate Alison Asarnow published the article “SEC whistleblowers will protect investors and earn their awards” in The National Law Journal. The article discusses final rules promulgated by the U.S. Securities and Exchanges Commission (SEC) to govern whistleblower provisions under the recently passed Dodd-Frank Act. Marshall and Asarnow praise the new rules, effective August 12, 2011, that rebuild the public’s trust in government oversight and encourage corporate employees with first-hand knowledge of fraud to come forward with information that would rock the U.S. economy. Of interest to legal practitioners and industry workers, the article addresses important aspects of the new guidelines, such as who qualifies as a whistleblower as well as those ineligible to participate in the reward program.
Read the full article here.