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Supreme Court Declines To Broaden Whistleblower Protections (reuters.com)
The U.S. Supreme Court this week refused to broaden protections for corporate insiders who call out misconduct, ruling they must take claims of wrongdoing to the Securities and Exchange Commission in order to be shielded against retaliation. From a report: The justices ruled 9-0 in favor of Digital Realty Trust, throwing out a lawsuit brought against the California-based real estate trust by a fired former employee who had reported alleged wrongdoing only internally and not to the SEC. The 2010 Wall Street reform law known as the Dodd-Frank Act is unambiguous in offering no protection from retaliation such as firing or demotion to employees who report claims of securities law violations only in-house, the court ruled.
Good to know, report it quickly to the SEC if you want whisleblower protections. And if you wait until your fired, you prob won't be protected.
Maybe this will make people report the crimes quicker.
Report it quickly to the SEC if you want the SOX whistleblower protection. If you wait on reporting it, you may not get whistleblower protections for waiting too long.
Maybe this will make people report crimes quicker and not wait until they are fired for a lawsuit, screwing over investors.
https://www.sec.gov/whistleblo...