Whistleblower Provisions of the Financial Services Industry Bill

Whistleblower Law Blog has a detailed description of the whistleblower provisions of the financial services industry bill.  As the post states:

On May 20, 2010, the Senate passed the Restoring American Financial Stability Act of 2010 (S. 3217) by a vote of 59-39.  The bill, which is the largest overhaul of financial services regulation since the New Deal, contains several new whistleblower protection provisions and strengthens the whistleblower protection provision of the Sarbanes-Oxley Act (SOX).   This blog post summarizes these whistleblower provisions.

The post describes the following provisions:

• Section 922:  Reward for Whistleblowing to the Securities and Exchanges Commission (SEC).
• Section 922:  Prohibition Against Retaliation.
• Section 1057:  New Whistleblower Protection for Financial Services Employees.
• Expansion of Sarbanes-Oxley Whistleblower Protection Provision

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