SEC Appoints Jane Norberg as Deputy Chief of Whistleblower Office
The Securities and Exchange Commission announced that Jane Norberg has been appointed as Deputy Chief of the Office of the Whistleblower, which oversees the agency's whistleblower program. The Chief of the Office of the Whistleblower stated that Norberg will help fulfill the mission of "administering a vigorous whistleblower program that will help the SEC identify and halt frauds early and quickly to minimize investor losses."
Sign up for a free preview to unlock the rest of this article
If your job depends on informed compliance, you need International Trade Today. Delivered every business day and available any time online, only International Trade Today helps you stay current on the increasingly complex international trade regulatory environment.
(Under the whistleblower program established by the Dodd-Frank Wall Street Reform and Consumer Protection Act, individuals can receive awards if, among other things, they voluntarily provide the SEC with original information that leads to successful SEC enforcement actions. The SEC is authorized to pay 10 to 30 percent of money collected from enforcement actions involving a whistleblower whose information led to the successful enforcement of an action in which sanctions exceeding $1 million were imposed. There are also anti-retaliation protections for individuals who provide information to the SEC with a reasonable belief that the information relates to a possible securities law violation that has occurred, is ongoing, or is about to occur. See ITT's Online Archives 11081213 for summary of the SEC's whistleblowers incentives and protection program.)