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.
Published by Micah Adkins
Micah Adkins is a consumer advocate and founding member of The Adkins Firm. Micah maintains offices in Birmingham, Alabama, Dallas, Texas and Houston, Texas. He earned his Bachelors of Science degree from the University of Texas, at Dallas, with honors (cum laude), in 2000 and his juris doctorate from the Cumberland School of Law, at Samford University, in 2005. While in law school, Micah was honored by his classmates as the Peer Scholarship Recipient and served as an Associate Justice on the Honor Court. Micah is admitted to the Alabama and Texas Bar. He is also admitted the United States Court of Appeals for the Fifth, Ninth and Eleventh Circuits and to all federal district courts in Alabama, Colorado and Texas. Micah has been admitted by motion in various district courts, including California, Florida, Georgia, Illinois, Indiana, Kentucky, Mississippi, New Jersey, Oregon, Pennsylvania and the District of Columbia. Micah’s practice focuses on the representation of consumers, especially those with credit or background report errors, individually and on class wide bases, under the Fair Credit Reporting Act (FCRA). Micah also represents consumers individually and on a class wide bases under other federal consumer protection statutes. Micah’s consumer advocacy has been recognized by the members of the Bar, including the Birmingham Bar Association where he was named as a Top Consumer Lawyer in 2012, 2013, 2014 and 2016. In 2014, Mr. Adkins was selected one of Alabama’s Outstanding Young Lawyers by Birmingham Bar Association. Super Lawyers also recognized him as a Rising Star in 2014 and 2015 and as a Mid-South Rising Star in 2016. Micah is a member of the Alabama Association for Justice, American Association for Justice, Atlanta Bar Association, Birmingham Bar Association, Collin County Bar Association, Dallas Bar Association, Houston Bar Association and the NACA. View all posts by Micah Adkins