SEC Names Jane Norberg as Deputy Chief of Whistleblower Office

The SEC appointed Jane A. Norberg as Deputy Chief of the Office of the Whistleblower, which oversees the SEC’s whistleblower program. Under that program established by Dodd-Frank, individuals can receive awards if, among other things, they voluntarily provide the SEC with original information that leads to successful SEC enforcement actions.

Ms. Norberg comes to the SEC with 14 years experience at her own law firm and at Shearman & Sterling, where she advised major public corporations regarding executive compensation disclosure, corporate governance issues and other securities laws matters. Prior to her private law experience, Ms. Norberg served as a special agent for the U.S. Secret Service.

Under the SEC’s whistleblower program, the SEC is authorized to pay 10% to 30% of money collected from enforcement actions involving a whistleblower whose information led to the successful enforcement of an action in which sanctions exceeding $1 million were imposed. The statute and rules implementing the program also include anti-retaliation protections for individuals who provide information with a reasonable belief that the information relates to a possible securities law violation that has occurred, is ongoing, or is about to occur.

Click here to access the press release.