{"id":40808,"date":"2014-02-25T04:19:35","date_gmt":"2014-02-25T09:19:35","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=40808"},"modified":"2014-02-25T04:27:44","modified_gmt":"2014-02-25T09:27:44","slug":"sec-files-court-brief-to-protect-whistleblowers-from-retaliation","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/02\/2014\/sec-files-court-brief-to-protect-whistleblowers-from-retaliation.html","title":{"rendered":"SEC Files Court Brief to Protect Whistleblowers From Retaliation"},"content":{"rendered":"

\"The_Office_of_the_WhistleblowerSEC_Symbol-300x187\"<\/a>New York (HedgeCo.Net) – The SEC filed a “friend-of-the-court” brief<\/a>, arguing that whistleblowers are entitled to protection from employer retaliation, even if they report the wrongdoing only to their employer and not to the SEC.\u00a0The SEC stated that a whistleblower need not have reported wrongdoing to the SEC to avail himself of Dodd-Frank’s anti-retaliation protections.<\/p>\n

In 2013 the SEC awarded<\/a>\u00a0more than $25,000 combined for tips and information that three whistleblowers provided to help the SEC and Justice Department stop a sham hedge fund.<\/p>\n

The WSJ reports<\/a> that: “Companies have recently pushed back against those rules, arguing in court that individuals have to report suspected wrongdoing to the agency to qualify for whistleblower protection and that those who report internally only don\u2019t make the cut. This would narrow the pool of individuals who can sue a firm over alleged retaliation.”<\/p>\n

“The Commission\u2019s whistleblower program both encourages whistleblowers to report wrongdoing and protects them when they do.\u00a0 Today’s filing makes clear that under SEC rules, whistleblowers are entitled to protection regardless of whether they report wrongdoing to their employer or the Commission.” \u00a0Sean McKessy\u00a0SEC Chief at the\u00a0Whistleblower Office, said, “The Commission’s brief supports the anti-retaliation protections under the Dodd-Frank Act that I believe are critical to the success of the SEC’s whistleblower program.”<\/p>\n

Alex Akesson
\nEditor for\u00a0HedgeCo.net<\/a>
\nalex@hedgeco.net<\/a>
\nHedgeCo.Net<\/a>\u00a0is a premier\u00a0hedge fund database<\/a>\u00a0and community for qualified and accredited investors only. Membership in\u00a0HedgeCo.net<\/a>\u00a0is FREE and EASY. We also offer FREE LISTINGS for\u00a0Hedge Funds<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"

New York (HedgeCo.Net) – The SEC filed a “friend-of-the-court” brief, arguing that whistleblowers are entitled to protection from employer retaliation, even if they report the wrongdoing only to their employer and not to the SEC.\u00a0The SEC stated that a whistleblower […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,3],"tags":[],"class_list":["post-40808","post","type-post","status-publish","format-standard","hentry","category-hedge-fund-fraud","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/40808","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=40808"}],"version-history":[{"count":10,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/40808\/revisions"}],"predecessor-version":[{"id":40824,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/40808\/revisions\/40824"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=40808"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=40808"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=40808"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}