Supreme Court Rules that Whistleblowers Must Report to SEC to be Protected Under Dodd-Frank Anti-Retaliation Rules

In a decision that significantly narrows the definition of “whistleblower” under the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, the U.S. Supreme Court has ruled that the Dodd-Frank Act’s anti-retaliation protections do not apply to persons who only report securities laws violations internally, and do not report such violations to the U.S. Securities and Exchange Commission.

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