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Whistleblower rule sets alarm bells ringing

Comments (0) | 26 Jan 2011 | Rating Rating (-1 to +1): 0.0

| Print by Tim Human

Provision could have a negative effect on the ability of public companies to identify securities law violations

The SEC’s whistleblower provision, due to come into force in the first half of 2011, has raised concerns over the impact it will have on internal reporting systems.

The rule – introduced as part of the Dodd-Frank Act – allows the SEC to compensate whistleblowers with a proportion of the fines ...

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