In CASE 22.5 Somers v.Digital Realty Trust Inc.,the court addressed the question of whether an employee who reports possible violations of securities laws only internally,and not to the SEC,is entitled to the whistleblower protections of the Dodd-Frank Act.How did the court rule?
A) The court held that whistleblowers may recover under the Dodd-Frank Act even if they have only reported suspected violations of law internally and not to the SEC.
B) The court found that internal reporting brings a higher likelihood of a problem being addressed,along with an increased risk of employer retaliation.
C) Whistleblower protections under Dodd-Frank are only available to individuals in an auditor capacity.
D) The court found that the SEC regulation incorrectly reflects congressional intent to provide protection for those who make internal disclosures as well as those who make disclosures to the SEC.
Correct Answer:
Verified
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