Supreme Court holds individuals must report to the SEC to qualify as whistleblowers under Dodd-Frank

On Wednesday, February 21, 2018, the US Supreme Court resolved a circuit split by unanimously holding that an employee must report suspected securities law violations to the US Securities and Exchange Commission (“SEC”) in order to qualify as a whistleblower entitled to protection from retaliation under the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (“Dodd-Frank”). Dodd Frank’s anti-retaliation protections do not extend to employees who only report such concerns internally to their employer. Please see here for a legal update on this important case by Mark Thomas Oakes, Carlos R. Rainer, Gerard G. Pecht, Kevin James Harnisch, Stephen Mark Dollar, and Ilana Beth Sinkin.

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