July 21, 2015 will mark the fifth anniversary of the passage of the Dodd-Frank Act – one of the most celebrated and maligned pieces of legislation in recent times, not to mention the most significant whistleblower law enacted since the False Claims Act. The statute has done wonders in forcing Wall Street to clean up its act and has been responsible for extracting large penalties from public companies and banks behaving badly. And it has provided strong protections – and sizable awards – to whistleblowers. Despite its success, it has been a controversial law since its inception and its fifth birthday is stirring up the dissenters once again. But given its strong track record, and the SEC’s very vocal support of whistleblowers, Dodd-Frank will undoubtedly be around for many birthdays to come. Click here for more.
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