{"id":5300,"date":"2012-06-14T00:00:00","date_gmt":"2012-06-14T05:00:00","guid":{"rendered":"https:\/\/institutionalinvestorsecuritiesblog.blawgcloud.com\/2012\/06\/cftc_director_says_corporate_c"},"modified":"2022-04-28T12:32:18","modified_gmt":"2022-04-28T17:32:18","slug":"cftc-director-says-corporate-c","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/cftc-director-says-corporate-c\/","title":{"rendered":"CFTC Director Says Corporate Compliance Employees Should Have Comprehension of Dodd-Frank Whistleblower Requirements\u2019Anti-Retaliation Provisions"},"content":{"rendered":"\n<p>Speaking at Compliance Week&#8217;s yearly conference, Commodity Futures Trading Commission&#8217;s Whistleblower Office Director Vincente Martinez said that personnel in corporate compliance should have an understanding of the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act&#8217;s anti-retaliation provisions that are part of its whistleblower requirements. Martinez noted that while companies are not mandated to explain the way the whistleblower program works to employees, the \u201cquality of information\u201d that compliance personnel choose to offer in response to whistleblowers wondering whether to bring information to the CFTC could make a company liable if an anti-retaliation claim were to be later brought. \u201cPrudence\u201d must therefore be exercised by compliance staff when dealing with such inquiries.<\/p>\n<p>Under Dodd-Frank, eligible whistleblowers may be entitled to 10-30% of money sanctions when agencies are awarded over $1 million in penalties. These informants are also provided with significant protections against employer retaliation for their decision to step forward. Unlike the 2002 Sarbanes-Oxley Act&#8217;s whistleblower anti-retaliation provisions, which requires that an anti-retaliation complaint is first submitted to the Department of Labor, under Dodd-Frank, not only can a whistleblower go straight to federal court, but also jury trials for CFTS and Securities and Exchange Commission whistleblower retaliation claims are allowed.<\/p>\n<p>Also speaking at the conference was SEC Enforcement Division Whistleblower Office deputy chief Jane Norberg. She made clear that foreign whistleblowers have the same anti-retaliation protections under Dodd-Frank even if they are located overseas. Norberg did, however, note that for foreign whistleblowers anti-retaliation process could be impacted by both the courts in that jurisdiction and whether or not the whistleblower submitted the claim in US federal court.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/cftc-director-says-corporate-c\/\"  title=\"Continue Reading CFTC Director Says Corporate Compliance Employees Should Have Comprehension of Dodd-Frank Whistleblower Requirements\u2019Anti-Retaliation Provisions\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Speaking at Compliance Week&#8217;s yearly conference, Commodity Futures Trading Commission&#8217;s Whistleblower Office Director Vincente Martinez said that personnel in corporate compliance should have an understanding of the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act&#8217;s anti-retaliation provisions that are part of its whistleblower requirements. Martinez noted that while companies are not mandated to explain [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3938],"tags":[],"class_list":["post-5300","post","type-post","status-publish","format-standard","hentry","category-whistleblowers"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>CFTC Director Says Corporate Compliance Employees Should Have Comprehension of Dodd-Frank Whistleblower Requirements\u2019Anti-Retaliation Provisions &#8212; Investor Lawyers Blog &#8212; June 14, 2012<\/title>\n<meta name=\"description\" content=\"Speaking at Compliance Week&#039;s yearly conference, Commodity Futures Trading Commission&#039;s Whistleblower Office Director Vincente Martinez said that &#8212; June 14, 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.investorlawyers.com\/blog\/cftc-director-says-corporate-c\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"CFTC Director Says Corporate Compliance Employees Should Have Comprehension of Dodd-Frank Whistleblower Requirements\u2019Anti-Retaliation Provisions &#8212; 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