Bradley attorney Scarlett Nokes was quoted in Bloomberg Law on a recent Supreme Court decision that employers can fire whistleblowers who don’t report their suspicions to the SEC. Under the court’s decision, whistleblowers must tell the SEC—not just their internal compliance offices—about securities violations to get retaliation protection.
Corporate employees have always had the option to “report alleged misconduct in the securities arena directly to the SEC,” Nokes explained. However, “historically, only about 20 percent of the complaints have gone to the SEC,” Nokes said.
The complete article, “High Court Limits on Whistleblowers Are Mixed Bag for Companies,” appeared in Bloomberg Law on March 19, 2018.