|Attorney Rose Romero says the Rules Are Changing for Whistleblowing While You Work|
|October 17, 2011 6:00 am|
The SEC has officially opened its "Office of the Whistleblower," creating new challenges for corporations and potentially lucrative paydays for employees who report violations of federal securities laws. "The new rules will have a tremendous impact on how companies manage their compliance programs, conduct internal investigations, and handle their dealings with the SEC," says Rose Romero, partner in the Dallas office of Thompson & Knight and former SEC Regional Director. "Companies will likely face a greater volume and scope of internal investigations and increased pressure to quickly complete them." In addition to potentially large paydays for whistleblowers, there are broad protections against retaliation that may increase a company's liability risk. Romero encourages companies to establish programs that demonstrate a commitment to compliance. "Employees should be encouraged to confidentially report any suspected wrongdoing through internal resources, and companies should be prepared to respond quickly, regardless of the source." For more information, contact Barry Pound at 800-559-4534 or firstname.lastname@example.org.
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