Whistleblower Provisions Regulation - Comment Letter - Working Group of Commercial Energy Firms - February 4, 2011

From MarketsReformWiki
Jump to: navigation, search
Gavel.png FINAL RULE: This page refers to the proposed rulemaking on whistleblower provisions. The CFTC final rule was issued at its August 4, 2011 open meeting. The SEC final rule was issued at its May 25, 2011 open meeting.
Dodd-Frank Timeline, Whistleblower Provisions, CFTC
Final Rule Issue Effective Date Proposed Amendment
August 4, 2011 October 24, 2011 August 30, 2016

CFTC Whistleblower Provisions
February 4, 2011

From the comment letter:

  • "As drafted, the Proposed Rule might encourage employees to allow misconduct to arise (instead of proactively preventing or mitigating it) in order to ensure they will qualify for an award."
  • "The Proposed Rule should broaden the definition of “original information” to include information an employee provided to his or her company and that is later reported to the Commission by the company."
  • "The proposed rule should require employees to first report potential violations internally as a prerequisite to entitlement to an award."

References

MarketsReformWiki Sponsors

RSM US LLP ADM Investor Services Cinnober Fidessa