[20180308]LSB10093_最高法院解释多德-弗兰克检举人保护：对证券法及其他法律的影响 .pdf

CRS INSIGHT Prepared for Members and Committees of Congress Legal SidebarLegal Sidebari i Supreme Court Interprets Dodd-Frank Whistleblower Protections: Implications for Securities Law and Beyond March 8, 2018 On February 21, 2018, the Supreme Court decided in Digital Realty Trust, Inc. v. Somers that the anti-retaliation protections in the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank) apply only to whistleblowers who report suspected securities law violations to the Securities and Exchange Commission (SEC or Commission). In so doing, the Court rejected a more expansive reading of Dodd-Frank that would have extended its whistleblower protections to those who report securities violations internally within their organization and suffer retaliation, even if they did not take the additional step of reporting to the SEC. The ruling not only has potentially important implications for the nature and quantity of potential whistleblower actions brought under federal securities law, but Digital Realty also provides broader insights into the Supreme Courts current approach toward statutory interpretation. The details of the Digital Realty case and the circuit