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This site provides news and information about the False Claims Act qui tam whistleblower law, the Tax Whistleblower law and the Securities and Commodities Whistleblower law. On this site you can learn the basics of each law and the process of bringing a case as well as read about the latest developments.

Getnick & Getnick LLP is a Manhattan-based law firm dedicated to business integrity and anti-fraud cases. Our whistleblower cases have resulted in recoveries of over a billion dollars for U.S. taxpayers.
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Wednesday, May 25, 2011

New SEC Whistleblower Rules Provide Added Incentive

According to rules adopted by the Securities and Exchange Commission, whistleblowers won’t be required to report wrongdoing to their employers in order to receive a cash reward.

Under the new rules, the SEC will take voluntary participation in internal compliance programs into account when calculating cash rewards. Consequently, whistleblowers could see their rewards decreased if the agency determines they in any way obstructed the internal process. Employees will be considered whistleblowers as soon as they report information to their employers, as long as they bring the same information to the SEC within 120 days.

Read the entire article, “SEC Approves Whistleblower Rules

Posted by Qui Tam Admin on 05/25 at 09:29 AM
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