It’s not easy being a whistleblower. Huge sums have been set aside to reward those who report wrongdoing in the financial markets—$739 million is waiting to be paid out—but awards have barely dented those accounts.
According to a newly released report by Davis Polk & Wardwell, less than $16 million of that sum has been paid by the Securities and Exchange Commission and the Commodities Futures Trading Commission. And whistleblowers alleging retaliation may not be faring well either. The report notes that the “vast majority” of retaliation claims filed under Sarbanes-Oxley are dismissed or withdrawn.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
