In recent years, the federal government has ramped up efforts to fight corruption in corporate settings, with whistleblowers receiving more protection and rewards for uncovering malevolent schemes within businesses and organizations. Thus, individuals have far more reason to come forward and reveal wrongdoing than ever before.
The following are a few recent announcements made by the Securities and Exchange Commission (SEC) and Commodities Futures Trading Commission (CFTC) that highlight some recent successes in each agency’s whistleblower program:
The SEC and CFTC also commended lawmakers for new legislation issued in the realm of whistleblower law. The Whistleblower Augmented Reward and Non-Retaliation Act of 2016 expands protections for individuals who blow the whistle on financial crimes.
With these extra incentives for potential whistleblowers, it’s more important than ever for businesses and organizations to protect themselves. For further guidance, contact an experienced Dallas attorney at Whistleblower Law for Managers.