In this episode I visit with Stacie Hartman, co-chair of the Financial Services Group at Steptoe & Johnson LLP. She offers insight in how this new appeal to whistleblowers could impact the type or volume of enforcement cases within the CFTC. Stacie leads major cases in courts around the country and in enforcement proceedings before the Commodity Futures Trading Commission (CFTC), Securities and Exchange Commission (SEC), and financial exchanges, as well as in investigations by the US Department of Justice (DOJ). She has a strong track record of helping her clients avoid prosecution completely or obtain settlements at record-low penalties.

In July, the House passed the Whistleblower Protection Reform Act of 2019, which passed by a vote of 410-12. Last month the Senate introduced the Whistleblower Programs Improvement Act. In this podcast we consider what these pieces of legislation might mean for the corporate compliance practitioner.

Some of the highlights include:

  • We consider if these pieces of legislation are in response to the Supreme Court decision in Digital Realty Trust?
  • If so, how do they remedy the Court’s decision?
  • Are there be ancillary issues involved?
  • Do they expand the definition of whistleblower?
  • What do they do for the timeframes for decisions on whistleblower awards at the SEC and CFTC?
  • Listeners are familiar with whistleblower process to the SEC. What if any are the differences in the process run by the CFTC?

 Resources

Stacie Hartman firm profile

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