{"id":340,"date":"2012-05-30T22:55:09","date_gmt":"2012-05-30T22:55:09","guid":{"rendered":"http:\/\/www.whistleblowerlawyerblog.com\/2012\/05\/sec_whistleblower_rules_have_i.html"},"modified":"2021-06-11T17:45:02","modified_gmt":"2021-06-11T21:45:02","slug":"sec_whistleblower_rules_have_i","status":"publish","type":"post","link":"https:\/\/www.finchmccranie.com\/whistleblower-blog\/sec_whistleblower_rules_have_i\/","title":{"rendered":"SEC Whistleblower Rules Have It Right: Report Shows Most Whistleblowers Report Internally First"},"content":{"rendered":"

When the SEC debated in 2011 requiring “internal” reporting within companies as a prerequisite to filing an SEC Whistleblower claim under Dodd-Frank, business interests howled that any other rule would “destroy” compliance programs. <\/p>\n

Never mind that the vast majority of whistleblowers have always raised concerns about illegal conduct internally before reporting to the government. Whistleblower lawyers already knew that fact from twenty-five years of experience with the False Claims Act<\/a>–the nation’s major qui tam <\/em> whistleblower law that inspired the new SEC Whistleblower Program. The availability of rewards had not dissuaded whistleblowers from reporting their concerns internally for a quarter century.<\/p>\n

When I met in 2011 with SEC Chairman Mary Schapiro <\/a>and the other SEC Commissioners with other whistleblower advocates to discuss the proposed SEC Whistleblower rules, it was apparent–and shocking–that this false argument was being considered seriously. We urged the SEC to rely on these years of experience with the False Claims Act and to reject any such requirement. <\/p>\n

Continue reading \u2192<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

When the SEC debated in 2011 requiring “internal” reporting within companies as a prerequisite to filing an SEC Whistleblower claim under Dodd-Frank, business interests howled that any other rule would “destroy” compliance programs. Never mind that the vast majority of whistleblowers have always raised concerns about illegal conduct internally before reporting to the government. Whistleblower […]<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12,22],"tags":[],"class_list":["post-340","post","type-post","status-publish","format-standard","hentry","category-sec-whistleblower-program-cftc-whistleblower-program","category-sec-whistleblower-program-foreign-corrupt-practices-act-fcpa-cases"],"yoast_head":"\nSEC Whistleblower Rules Have It Right: Report Shows Most Whistleblowers Report Internally First — Whistleblower Lawyer Blog — May 30, 2012<\/title>\n<meta name=\"description\" content=\"When the SEC debated in 2011 requiring "internal" reporting within companies as a prerequisite to filing an SEC Whistleblower claim under Dodd-Frank, — May 30, 2012\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.finchmccranie.com\/whistleblower-blog\/sec_whistleblower_rules_have_i\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"SEC Whistleblower Rules Have It Right: Report Shows Most Whistleblowers Report Internally First — Whistleblower Lawyer Blog — May 30, 2012\" \/>\n<meta name=\"twitter:description\" content=\"When the SEC debated in 2011 requiring "internal" reporting within companies as a prerequisite to filing an SEC Whistleblower claim under Dodd-Frank, — May 30, 2012\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Michael Sullivan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"SEC Whistleblower Rules Have It Right: Report Shows Most Whistleblowers Report Internally First — Whistleblower Lawyer Blog — May 30, 2012","description":"When the SEC debated in 2011 requiring \"internal\" reporting within companies as a prerequisite to filing an SEC Whistleblower claim under Dodd-Frank, — May 30, 2012","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.finchmccranie.com\/whistleblower-blog\/sec_whistleblower_rules_have_i\/","twitter_card":"summary_large_image","twitter_title":"SEC Whistleblower Rules Have It Right: Report Shows Most Whistleblowers Report Internally First — Whistleblower Lawyer Blog — May 30, 2012","twitter_description":"When the SEC debated in 2011 requiring \"internal\" reporting within companies as a prerequisite to filing an SEC Whistleblower claim under Dodd-Frank, — May 30, 2012","twitter_misc":{"Written by":"Michael Sullivan","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.finchmccranie.com\/whistleblower-blog\/sec_whistleblower_rules_have_i\/#article","isPartOf":{"@id":"https:\/\/www.finchmccranie.com\/whistleblower-blog\/sec_whistleblower_rules_have_i\/"},"author":{"name":"Michael Sullivan","@id":"https:\/\/www.finchmccranie.com\/whistleblower-blog\/#\/schema\/person\/06cb979e5d74ec7f83f73b757da4331f"},"headline":"SEC Whistleblower Rules Have It Right: Report Shows Most Whistleblowers Report Internally First","datePublished":"2012-05-30T22:55:09+00:00","dateModified":"2021-06-11T21:45:02+00:00","mainEntityOfPage":{"@id":"https:\/\/www.finchmccranie.com\/whistleblower-blog\/sec_whistleblower_rules_have_i\/"},"wordCount":323,"articleSection":["SEC Whistleblower Program & CFTC Whistleblower Program","SEC Whistleblower Program: Foreign Corrupt Practices Act (FCPA) Cases"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.finchmccranie.com\/whistleblower-blog\/sec_whistleblower_rules_have_i\/","url":"https:\/\/www.finchmccranie.com\/whistleblower-blog\/sec_whistleblower_rules_have_i\/","name":"SEC Whistleblower Rules Have It Right: Report Shows Most Whistleblowers Report Internally First — Whistleblower Lawyer Blog — May 30, 2012","isPartOf":{"@id":"https:\/\/www.finchmccranie.com\/whistleblower-blog\/#website"},"datePublished":"2012-05-30T22:55:09+00:00","dateModified":"2021-06-11T21:45:02+00:00","author":{"@id":"https:\/\/www.finchmccranie.com\/whistleblower-blog\/#\/schema\/person\/06cb979e5d74ec7f83f73b757da4331f"},"description":"When the SEC debated in 2011 requiring \"internal\" reporting within companies as a prerequisite to filing an SEC Whistleblower claim under Dodd-Frank, — May 30, 2012","breadcrumb":{"@id":"https:\/\/www.finchmccranie.com\/whistleblower-blog\/sec_whistleblower_rules_have_i\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.finchmccranie.com\/whistleblower-blog\/sec_whistleblower_rules_have_i\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.finchmccranie.com\/whistleblower-blog\/sec_whistleblower_rules_have_i\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.finchmccranie.com\/whistleblower-blog\/"},{"@type":"ListItem","position":2,"name":"SEC Whistleblower Rules Have It Right: Report Shows Most Whistleblowers Report Internally First"}]},{"@type":"WebSite","@id":"https:\/\/www.finchmccranie.com\/whistleblower-blog\/#website","url":"https:\/\/www.finchmccranie.com\/whistleblower-blog\/","name":"Whistleblower Lawyer Blog","description":"Published by Whistleblower Attorneys \u2014 Finch McCranie, LLP","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.finchmccranie.com\/whistleblower-blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.finchmccranie.com\/whistleblower-blog\/#\/schema\/person\/06cb979e5d74ec7f83f73b757da4331f","name":"Michael Sullivan","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/1c20f28ef8779909ce4423e28badc00a489c680349138c20442a37fb45a0e8cf?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/1c20f28ef8779909ce4423e28badc00a489c680349138c20442a37fb45a0e8cf?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/1c20f28ef8779909ce4423e28badc00a489c680349138c20442a37fb45a0e8cf?s=96&d=mm&r=g","caption":"Michael Sullivan"},"sameAs":["https:\/\/www.finchmccranie.com\/michael-a-sullivan.html"]}]}},"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/www.finchmccranie.com\/whistleblower-blog\/wp-json\/wp\/v2\/posts\/340","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.finchmccranie.com\/whistleblower-blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.finchmccranie.com\/whistleblower-blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.finchmccranie.com\/whistleblower-blog\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.finchmccranie.com\/whistleblower-blog\/wp-json\/wp\/v2\/comments?post=340"}],"version-history":[{"count":1,"href":"https:\/\/www.finchmccranie.com\/whistleblower-blog\/wp-json\/wp\/v2\/posts\/340\/revisions"}],"predecessor-version":[{"id":1930,"href":"https:\/\/www.finchmccranie.com\/whistleblower-blog\/wp-json\/wp\/v2\/posts\/340\/revisions\/1930"}],"wp:attachment":[{"href":"https:\/\/www.finchmccranie.com\/whistleblower-blog\/wp-json\/wp\/v2\/media?parent=340"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.finchmccranie.com\/whistleblower-blog\/wp-json\/wp\/v2\/categories?post=340"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.finchmccranie.com\/whistleblower-blog\/wp-json\/wp\/v2\/tags?post=340"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}