Encouraging Internal Reporting of Wrongdoing in the New Era of SEC Whistleblower Rewards

12/01/2010 08:00 a.m. - 10:30 a.m.

Capital Markets, Corporate, Financial Institutions + Financial Services, Government Contracts + Public Procurement, Litigation, Securities Enforcement, Internal Investigations, Securities Litigation, White-Collar Defense, and Employment + Labor

The Ritz-Carlton
1700 Tysons Blvd.
McLean, VA 22102

Seminar

Jennifer Martin
jmartin@mofo.com
(703) 760-7746

Click here to access the recorded webcast.

Now more than ever, companies are faced with increasing risk of government scrutiny and prosecution as a result of the new Dodd-Frank Act’s whistleblower provisions. In late October, the SEC announced that it has set aside $452 million for anticipated whistleblower rewards. A recent headline from The Wall Street Journal reported that after Dodd-Frank, the SEC is getting at least one FCPA tip a day. On November 3, and months before the statutory deadline, the SEC proposed rules implementing Dodd-Frank’s whistleblower provisions to investigate and prosecute corporate wrongdoing.

The issuance of the proposed rules on an accelerated basis signals that government agencies are refining their tools to expand and be more aggressive in their enforcement efforts. The Act’s provisions, which include increased protection and significant financial incentives for whistleblowers, leave the business community with the complex challenge of encouraging internal reporting while competing with substantial rewards offered for reporting to the government.

Topics:

  • Overview of the new, top enforcement priorities under Dodd-Frank
  • The new whistleblower provisions and regulations, including the SEC’s proposed rules
  • Examples of conduct that might prompt a whistleblower tip
  • Incentives and procedures for employees who go straight to the government
  • Advice on how to respond to the government enforcement of whistleblower accusations
  • Practical tips on creating incentives for internal reporting as the chosen course of action
  • Best practices in establishing a compliance program that shows the government your commitment to adequately addressing your corporate responsibility

Who Should Attend:

  • In-house counsel
  • Corporate officers and directors
  • Regulatory and compliance officers
  • Risk managers
  • Ethics officers

Speakers:

  • Randall J. Fons
    Partner and Co-Chair of the Securities Litigation, Enforcement, and White-Collar Defense Group
    Morrison & Foerster
    (former SEC Regional Director)
  • Susan Goetz Markel
    Managing Director
    AlixPartners
    (former Chief Accountant, the SEC’s Division of Enforcement)
  • Jordan A. Thomas
    Assistant Director,  Division of Enforcement
    Securities and Exchange Commission
  • Daniel P. Westman
    Partner and Co-Chair of the Employment and Labor Group Morrison & Foerster

New York CLE credit for this program is pending. 
We will apply for VA MCLE credit after the program.

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