New SEC Rules on Whistleblowers to be Discussed

August 08, 2011

SEC Office of the Whistleblower Chief Sean McKessy to Outline Rules Taking Effect This Week

The Center for Financial Markets and Policy at Georgetown University’s McDonough School of Business will host a discussion with Sean McKessy, chief of the U.S. Securities and Exchange Commission Office of the Whistleblower, about new whistleblower rules taking effect this week.
 
The public event will take place Thursday, August 11, at 1:15 p.m. in the Rafik B. Hariri Building Lohrfink Auditorium. After his remarks, McKessy will take questions from audience members. The discussion also will be webcast at http://msbmedia.georgetown.edu/new-sec-rules-on-whistleblowers-to-be-discussed.
 
The new whistleblower rules have been developed under the Dodd-Frank Wall Street Reform and Consumer Protection Act, which established a whistleblower program that enables the SEC to pay an award, under regulations prescribed by the SEC and subject to certain limitation, to eligible whistleblowers. The Final Rules take effect Friday, August 12.
 
McKessy is the chief of the Office of the Whistleblower. He re-joined the SEC in February of this year nearly 11 years to the day he completed a three year stint as senior counsel in the Division of Enforcement in 2000. In the intervening years, McKessy worked in-house as securities counsel for Caterpillar Inc. and as corporate secretary for Altria Group Inc. and AOL Inc. Since February 2011, he has been working on building the Office of the Whistleblower and implementing the commission’s Final Rules with regard to the Whistleblower Program.
 
For more information about the new rules, visit http://www.sec.gov/complaint/info_whistleblowers.shtml.