Summary
The Dodd-Frank Act directly impacts all public companies and others subject to the securities laws, and not merely financial institutions. The Act's whistleblower provisions are some of the most talked-about reforms, because they greatly expand existing law under Sarbanes-Oxley; it is not just about retaliation anymore. Under Dodd-Frank, whistleblowers now have a direct financial incentive to report securities law violations directly to the SEC, and can bypass internal compliance protocols. In doing so, they now stand to recover a reward of 10 to 30% of the financial penalties and disgorgement obtained by the government from the subject company. Please join Goodwin Procter partners, Deborah Birnbach and Heidi Goldstein Shepherd for an informative webinar on what this means for your company and what you can do to prepare yourself.
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