SEC | In-house Access

Congress and ACC Tackle SEC Whistleblower Bounty Program

By Amar Sarwal on May 11th, 2011 Posted in Advocacy

Today, the House Financial Services Committee heard testimony regarding its draft legislation rejecting the SEC and CFTC’s proposals to bypass internal compliance and reporting systems when rewarding prospective whistleblowers. ACC filed a letter with the Committee, approving of the draft legislation (read the letter here). In-house counsel who supervise internal compliance and reporting systems… Continue Reading

Is the SEC Blowing it for Whistleblowers?

By Susan Hackett on December 16th, 2010 Posted in In-House Practice

This morning, ACC registered what may be some of the most important comments the SEC considers this year. On behalf of 270 companies, we asked the Commission to think long and hard about rules they’ve proposed that will determine whether corporate compliance and reporting programs flourish or perish pursuant to whistleblower policies mandated by Dodd-Frank’s… Continue Reading

Punishing the Victims

By Larry Salibra on September 28th, 2009 Posted in In-House Practice

I am sure that most of you have some passing familiarity with the dispute surrounding the bonus compensation of Merrill executives just prior to its sale to Bank of America. The claim was that Merrill had intended to pay its executives 5.8 billion dollars, 12% of the purchase price that Bank of America agreed to… Continue Reading