Professor Ventry Comments on SEC Whistleblower Law for Law360
Professor Dennis Ventry is quoted extensively in a Law360 article concerning U.S. Securities and Exchange Commission whistleblower regulations.
In the article, Ventry explains that attorneys “absolutely” must report perceived wrongdoing to supervisors within their organization before reporting it to the SEC if the company doesn’t respond appropriately, and otherwise are not protected under the Dodd-Frank Act. He also describes difficulties that can arise after an employee reports problems to the SEC, and advises companies to adopt robust compliance systems that enable them to successfully address wrongdoing and protect themselves from both SEC investigations and retaliation complaints.
“You can identify and root out the wrongdoing and internally reward that whistleblower,” Ventry said. “You don’t want to wait until the SEC comes knocking at your door.”
Professor Ventry is an expert in tax policy and legal ethics. His research interests include tax expenditure analysis, family taxation, professional responsibility and standards of care, tax filing and administration, tax compliance, public finance, and tax and legal history. In addition, he is Vice Chairman of the IRS Advisory Council, and co-author on the casebook, Federal Income Taxation with Martin McMahon, Jr., Daniel L. Simmons, and Bradley T. Borden.