It's only a matter of time before financial incentives to
report US securities and commodities law violations start
impacting the UK market, lawyers have warned.
Under Dodd Frank's whistleblower provisions, bounties are
offered to those who provide the US Securities and Exchange
Commission (SEC) with original information that leads to
UK firms need to be aware of the extraterritorial reach of
these provisions, said Charlie Monteith of White & Case in
London. Especially since 80% of Department of Justice (Doj)
settlements have been against institutions based outside of the
"The new legislation means that whistleblowers will become
very incentivised to report to the SEC," said Lucy Frew of Gide
Loyrette Nouel in London. "That's going to...