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Corporate

Mar. 16, 2011

Lawyers Worry About Whistleblower Rules

Attorneys who defend against Foreign Corrupt Practices Act prosecutions are concerned about the Securities and Exchange Commission's new financial incentives for people who blow the whistle on violations.


By Rebecca Beyer


Daily Journal Staff Writer


SAN FRANCISCO - As the Securities and Exchange Commission readies final rules governing payouts to people who blow the whistle on securities laws violations, corporate defense attorneys are voicing concerns the rules will undermine steps companies have taken to eradicate fraud on their own.


Passed last summer as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act in an effort to com...

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