US Senator Charles Grassley (R-Iowa) wrote to the SEC chairwoman, Mary Schapiro, and asked her to forego the proposed whistleblower rule which would require whistleblowers to report the non-compliance issue to compliance officers BEFORE filing a claim with the SEC. Sen. Grassley acknowledged the primary purpose of the SEC - ”to protect investors – not internal compliance programs.” Read Sen. Grassley’s letter HERE. The Dodd-Frank Act authorized the SEC to reward individuals who report securities violations with a bounty of 10-30% for recoveries larger than $ 1 million.
SENATOR GRASSLEY HAS HARSH WORDS FOR SEC CHAIR REGARDING WHISTLEBLOWER TREATMENT
Posted: June 19, 2011 by administrator in FCRATags: alabama, assisted living, Atlanta, attorney, birmingham, Dallas, false claim, false claims act, Florida, GEORGIA, home, huntsville, Jacksonville, law, lawsuit, lawyer, medicaid, MEDICARE, Memphis, mobile, nashville, Orlando, over charge, overpayment, Panama City, qui tam, securities, tallahassee, Tennessee, TEXAS, Tuscaloosa, violation fraud, WHISTLEBLOWER
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