Dodd-Frank Act defines protection
Last month, the United States Supreme Court ruled unanimously on how whistleblowers within companies are protected. A California-based company fired an executive, Paul Somers, after he sought to report a wrongdoing internally, rather than by reporting it to the Securities and Exchange Commission(SEC).
The Supreme Court stated that, because he did not report to the SEC, he was not under the protections of the Dodd-Frank Act, created to shield whistleblowers in 2010. The vote was unanimous and all of the Justices stated that their ruling was based on a law that they felt was very unambiguous. In a case like this, the law would have to be changed by Congress in order to offer wider protection.
Sources: Reuters, The Wall Street Journal
As the Lord Leads, pray with us:
- Over the Supreme Court, that the Lord would move through them, and guide them.
- For Congress as they make legislation that affects so many different areas of life in this nation.
- For courage in the hearts of those who wish to report wrongdoings in their corporations.