Financial Times: Rewards for Bank Whistleblowers Urged
A senior regulator and supervisor of US national banks advised the Parliamentary Commission on Banking Standards in the United Kingdom to consider adopting a system similar to that of the US to protect individuals who identify wrongdoing in the financial industry. The US, with the passing of the Dodd Frank financial reforms in 2010, became the first country to monetarily incentivize bank whistleblowers to come forward.
Franklin & Marshall College: ‘Whistleblowers’ Discuss Accountability at F&M Common Hour
GAP’s American Whistleblower Tour made a stop at Franklin & Marshall College last Thursday, where GAP President Louis Clark led the discussion with peanut/salmonella whistleblower Kenneth Kendrick and climate change whistleblower Rick Piltz (now head of GAP's Climate Science Watch program). The tour stop, the third this academic year, was a huge success among F&M students and faculty alike. Watch a video of the event here.
Lexis-Nexis: SEC Reports on the Flow of Whistleblower Tips and Responses
More coverage of Obama's signing the Whistleblower Protection Enhancement Act (WPEA) into law late last year.
Key Quote: Tom Devine, Legal Director of the Government Accountability Project (GAP), said the new protections were a long time coming and applauded the bipartisan support, saying it should inspire cooperation among legislators in general. “Nothing could set a better context for fiscal cliff negotiations than a unanimous, bipartisan consensus to protect those who risk their careers to protect the taxpayers. The mandate for this law is that the truth is the public’s business. The victory reflects strong bipartisan teamwork, as well as advocacy within the party, as Republicans often had to work harder at convincing wary colleagues. And it reflects relentless pressure from conservative stakeholders to whistleblowers and their champions throughout the last 13 years.”
The Inquirer: Cooper Health System Agrees to Pay $12.6 Million to Settle Whistleblower Suit
Cooper Health System has reached a settlement in a whistleblower case after an employee alleged that doctors were being paid to wrongfully refer patients to a heart institute. The settlement is a victory for the whistleblower.
Related Article: Bloomberg
Jack Davis is Communications Associate for the Government Accountability Project, the nation's leading whistleblower protection and advocacy organization.