What did Dodd-Frank extend in terms of whistleblower claims?

The Dodd-Frank Act made significant reforms in the financial sector and included provisions aimed at protecting whistleblowers who report securities law violations. Specifically, the act extended the statute of limitations for filing certain whistleblower claims from a shorter period to a longer period, specifically from 90 days to 180 days. This change was implemented to give individuals more time to file claims after experiencing retaliation or wrongful termination as a consequence of blowing the whistle on misconduct.

The move to extend the statute of limitations was part of a broader effort to encourage individuals to come forward with information about corporate misconduct without the fear of immediate legal repercussions or retaliation from their employers. By providing a longer window for individuals to file claims, the Dodd-Frank Act aimed to increase participation in whistleblowing and enhance the enforcement of securities laws.