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Legal Update

No Holiday from Whistleblowers: A Scary Future Predicted for the Financial Industry

20 September 2016
Mayer Brown Legal Update

On July 30, 2016, the United States celebrated its National Whistleblower Appreciation Day. This annual reminder to employees and the public at large of their legal rights to “blow the whistle” is also a reminder to the financial industry of the steadily increasing awards made by the SEC under the whistleblower provisions of the Dodd-Frank Act. This Legal Update serves as an overview of the main points of the Dodd-Frank whistleblower requirements, including some consideration of relevant cases, and suggests that by reviewing the trajectory of awards under the Federal False Claims Act, the financial industry should plan for the likely continued increase of such actions and awards. 


  • William Michael Jr.
    T +1 312 701 7653
  • Laurence E. Platt
    T +1 202 263 3407
  • Richard M. Rosenfeld
    T +1 212 506 2178
  • Andrew S. Rosenman
    T +1 312 701 8744
  • Matthew Rossi
    T +1 202 263 3374
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