SEC Issues Risk Warning on Whistleblowing

The Securities and Exchange Commission’s Office of Compliance Inspections and Examinations issued a Risk Alert on October 24, 2016, regarding the staff’s examination of broker-dealers for compliance with the Dodd-Frank whistleblower provisions.¬† The warning notes that the staff will review compliance manuals, codes of ethics, employment agreements and severance agreements, among others, to see whether they effectively¬†limit or waive employee whistleblowing rights.¬† See here.