Sarbanes-Oxley & Dodd-Frank
One thing I learned as a journalist is that there is at least one disgruntled person in every workplace in America–and at least double that number with a conscience. Hard as they try, they simply can’t turn their heads away from an injustice when they see one taking place.”
–Michael Moore
Both the Sarbanes-Oxley Act and the Dodd-Frank Wall Street Reform and Consumer Protection Act (commonly known as Dodd-Frank) provide a mechanism through which to report fraudulent and illegal practices at companies that are required to register their securities or file certain reports with the SEC. Contractors for publicly traded companies are also subject to the provisions of Sarbanes-Oxley and Dodd-Frank. Individuals who report original information of fraudulent and/or illegal practices pursuant to either Sarbanes-Oxley or Dodd-Frank may be entitled to significant monetary recoveries, from 10% to 30% of the actual amount recovered.
Sarbanes-Oxley and Dodd-Frank also prohibit employers from taking adverse actions against employees for reporting information relating to a violation of securities laws.