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SEC Issues Final Rule for Whistleblower Program

​The Securities and Exchange Commission (SEC) has issued a final rule governing how the whistleblower program created under the Dodd-Frank Act will be administered. The rule encourages whistleblowers to report concerns to their companies before turning to the SEC. Legislation (H.R. 2483) introduced by Rep. Michael Grimm (R-NY) would make it mandatory for employees to first report violations to their employers to receive monetary awards.