Comments on: Dodd-Frank whistleblower provisions

By: Peter Henning on SEC whistleblowing

Peter Henning on SEC whistleblowing — Wed, 28 Jul 2010 10:26:15 +0000

[…] first rather than relying on internal disclosure mechanisms.” [NYT "DealBook", earlier here, here, […]

By: L. C. Burgundy

L. C. Burgundy — Thu, 22 Jul 2010 16:29:02 +0000

Yes, making sure there are no disencentives for reporting crimes is bad.
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Yeah, because there’s no way to avoid the disincentives other a multi-million dollar lottery. People would be stupid not to plot against their employers at this point.

By: “New Financial Regulations Will Make Whistleblowing Lucrative”

“New Financial Regulations Will Make Whistleblowing Lucrative” — Thu, 22 Jul 2010 15:05:54 +0000

[…] society that “encourages people to be disloyal to their friends and co-workers.” Earlier here and here. Other coverage of the whistleblowing provisions: Coyle/NLJ, Koehler/FCPA Professor, […]

By: mojo

mojo — Fri, 16 Jul 2010 18:48:34 +0000

Counting on Chris Dodd to “clean up” the Financial Services sector is so unrealistic it’s breathtaking.

Oh well, another one for the “repeal” program…

By: Allan

Allan — Fri, 16 Jul 2010 15:34:09 +0000

Yes, making sure there are no disencentives for reporting crimes is bad.

If this is bad, then, perhaps, so are plea bargains that give more lenient sentences for cooperating with the authorities.

I would like to see you come up with a system that protects the public from wrongdoing and protects those who report the wrongdoing, while at the same time does not enrich the plaintiff’s bar. When you find it, I shall sign on.

It all comes down to the question of lesser evils. Either corporations are allowed to keep ill-gotten gains or some corporations who have done nothing wrong will have to bear some of the cost of enforcement.