1E9Ct5D

B. The Dodd-Frank Act Whistleblower ProvisionsThe Dodd-Frank Act Wall Street Reform and Consumer Protection Act (“Dodd-FrankAct”) 17amended the Securities Exchange Act of 1934 to add Section 21F, entitled“Securities Whistleblower Incentives and Protections.” 18 Section 922 requires that theSecurities and Exchange Commission (“SEC”) pay awards to whistleblowers who“voluntarily” report “original information” relating to violations of the securities laws thatresult in “successful enforcement” and monetary sanctions in excess of $1 million. 19 TheDodd-Frank Act requires awards ranging from 10% up to a maximum of 30% of themonetary sanctions collected in qualifying cases.The Dodd-Frank Act also prohibits termination, demotion or retaliation “because of anylawful act done by the whistleblower” in providing information to the SEC, assisting inthe SEC investigation or enforcement action relating to the reported matters, or for“making disclosures that are required or protected” under the securities laws. 20 UnderDodd-Frank, whistleblowers who are subjected to retaliation for reporting are entitled todouble back pay plus interest, reinstatement, costs of litigation and attorney fees.The SEC created an Office of the Whistleblower and reporting program and adoptedfinal rules in May 2011 to implement the whistleblower provisions of Dodd-Frank. 2117 See Pub. L. No. 111-203, section (use symbol) 922(a), 124 Stat. 1841 (2010).18 15 U.S.C. § 78a et seq.19 See Id. at § 78u-6.20 Id.21 See Final Rule, 17 CFR Parts 240 and 249, Securities Act Release No. 34-64545, Implementation ofthe Whistleblower Provisions of Section 21F of the Securities Exchange Act of 1934 (Aug. 12, 2011),http://www.sec.gov/rules/final/2011/34-64545.pdf.8