Senators Want Whistle-Blower Law Enforced

[maddezmom]

WASHINGTON - Two senators who wrote a tough but little-understood law to protect corporate whistle-blowers are pressing the Securities and Exchange Commission (news - web sites) for aggressive enforcement just as a case emerges that could determine how companies are policed.


Spurred by scandals at Enron, WorldCom and other large corporations, Congress passed the Sarbanes-Oxley Act in 2002. The law required chief executives to swear that their company's books are accurate. But it also gave corporate whistle-blowers more protection than any previous federal law has extended to insiders who report wrongdoing.


Sens. Charles Grassley, R-Iowa, and Patrick Leahy, D-Vt., who wrote the whistle-blower section, said they wanted to change a corporate culture that "valued profit over honesty."


In addition to making it easier and safer to report corporate misdeeds, the law also:


_requires corporate lawyers to report any misconduct they observe.

_exposes executives and companies that punish whistle-blowers to civil lawsuits under the Racketeer Influenced and Corrupt Organizations Act.


_provides the first criminal penalties — up to 20 years in prison and $5 million in fines — for firing a whistle-blower in retaliation.

more: http://story.news.yahoo.com/news?tmpl=story&ncid=&e=8&u=/ap/20041114/ap_on_bi_ge/corporate_whistle_blowers

[belle]

1. Kick, this is important

[DulceDecorum]

2. Prison?

What prison?
Club Fed, with maid service, a jacuzzi and two weeks off per year
or Oz?

I want them to got to the Oswald State Penitentiary
with Hannibal as a roomate.

[Gman]

6. Maybe even The Anthrax Island

Animal Research Facility

[Califooyah Operative]

8. i love pictures of the president where he looks like he just did a line or

two.

[Califooyah Operative]

3. if you wanna contact the sec, who their pressuring to enforce the law

complaints
http://www.sec.gov/complaint.shtml
feedback
https://tts.sec.gov/acts-ics/do/question
mailing addresses
http://www.sec.gov/contact/addresses.htm
phone numbers
http://www.sec.gov/contact/phones.htm
email
http://www.sec.gov/contact/mailboxes.htm

[VegasWolf]

4. bush is opposed. must protect supporters.

[grannylib]

5. It's great that they can bring civil suits under RICO...hit 'em where they

live! Their money and their stuff...great.

[maddezmom]

7. kick

[Kellis]

9. Lets hear it for

HONEST people in Washington!

Hopefully a lot fo people will be whistle blowing in the near future about the scumbag criminals now "occupying" the WhiteHouse and we're gonna need some laws to protect them :kick:

[__Inanna__]

10. We need WB protection for those in our GOVERNMENT! eom