The Dodd-Frank Wall Street Reform and Consumer Protection Act was signed into law by President Barack Obama in July 2010. The Dodd-Frank Act made widespread changes to the regulation of U.S. markets, banks and other financial sectors.

The Act was designed to increase transparency in the U.S. financial system and improve accountability after the financial crisis of 2007 to 2010. One provision of the Dodd-Frank Act is protection for whistleblowers who report violations of securities or commodities laws and file lawsuits on behalf of the government. The Act also provides financial awards to those who successfully file whistleblower actions.

Violations of Securities Law Covered by the Dodd-Frank Act

  • Insider trading
  • Unauthorized trading
  • Market manipulation
  • Market churning
  • Stock bashing
  • Ponzi schemes
  • Accounting fraud
  • Bribery
  • Improper diversion of funds
  • Skimming funds
  • Any violation of SEC or CFTC laws

While the Dodd-Frank Act provides protections similar to those offered by the False Claims Act, cases involving security violations are filed with the Securities and Exchange Commission (SEC) or the Commodity Futures Trading Commission (CFTC), not with the Department of Justice.

If you have questions about securities fraud violations, the Frank-Dodd Act or whistleblower protections, please contact Petrelli Law at 800-432-9461.