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16 Fla. St. U. Bus. Rev. 131 (2017)
Dodd-Frank Whistleblower Statute: Determining Who Qualifies as a "Whistleblower"

handle is hein.journals/fsubr16 and id is 137 raw text is: DODD-FRANK WHISTLEBLOWER STATUTE: DETERMIN- ING WHO QUALIFIES AS A WHISTLEBLOWER MATTHEW R. STOCK, CPA I. INTRODUCTION ................................ ......... 131 II. DEVELOPMENT OF SARBANES-OXLEY AND DODD FRANK............... 135 A. The Sarbanes-Oxley Act of 2002 ...................... 135 B. Whistleblower Protection Under Sarbanes-Oxley .... ...... 136 C. Whistleblower Protection Under Dodd-Frank ..... ....... 137 III. DETERMINING WHO IS A WHISTLEBLOWER UNDER DODD-FRANK .............................. ...... 139 A. Statutory Interpretation and Chevron .................. 139 B. Required Reporting to the Commission ................. 141 C. Deference to the Commission Due to Ambiguity ...... ..... 143 IV. COURTS SHOULD APPLY BROAD INTERPRETATION OF WHISTLEBLOWER .......................................... 146 A. Purpose and Legislative History Point to Ambiguity .............. 147 B. Broad Interpretation of WhistleblowerDoes Not Render Sarbanes-Oxley Anti-Retaliation Provision Moot ............................ ............... 148 C. Recent Procedural Decisions Benefit Sarbanes-Oxley Whistleblowers ............. ........... 150 V. CONCLUSION....................................................... 152 I.INTRODUCTION The Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank) was signed into federal law on July 21, 2010.1 It was Con- gress's response to the financial crisis of 2008,2 when the U.S. housing market crashed, the entire financial industry nearly collapsed, and the economy plunged into a recession.3 In the United States, it was widely 1. Dodd-Frank Wall Street Reform and Consumer Protection Act, Pub. L. No. 111-203, 124 Stat. 1381 (2010). 2. Financial Crisis Inquiry: Hearing before the S. Comm. on Banking, Housing, & Urban Affairs, 113th Cong. 1 (2013) (statement of Daniel K. Tarullo, Governor, Bd. of Governors of the Federal Reserve System), http://www.federalreserve.gov/newsevents/testimony/tarullo20l30214a.htm. 3. Elena Holodny, The 27 Scariest Moments of the Financial Crisis, BUSINESS INSIDER (Sept. 15, 2015, 9:29 AM), http://www.businessinsider.com/fmancial-crisis-scariest-moments-2015-9.

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