Articles Posted in dodd-frank

The Dodd‑Frank Wall Street Reform and Consumer Protection Act includes robust safeguards for individuals who report potential violations of U.S. securities laws. Section 922 of Dodd-Frank established whistleblower protection rules that shield workers from retaliation when they provide qualifying information related to misconduct, fraud, or unlawful financial practices. Following the statute’s passage, the U.S. Securities…

The whistleblower in a hedge fund advisor case recently received a $600,000 award from the U.S. Securities and Exchange Commission (SEC).  The case involved allegations that the hedge fund owner made improper transactions with an affiliated broker dealer that she owned, without disclosing the affiliation to her client. The company’s head trader reported the actions…