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SEC's New Deputy Chief of Whistleblowing

January 18, 2012
The SEC Tuesday announced that Jane Norberg has been appointed as Deputy Chief of the Office of the Whistleblower, which oversees the agency’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.  Staff in that Office helps ensure that whistleblower complaints are handled appropriately, and recommends to the Commission whether an individual is eligible for an award. Ms. Norberg joins the SEC after 14 years experience at her own law firm and at Shearman & Sterling.  While in private practice, she advised major public corporations regarding executive compensation disclosure, corporate governance issues and other securities laws matters.  She also negotiated and drafted severance arrangements for senior executive officers and provided guidance regarding non-competition and non-solicitation covenants. Before her private law experience, Ms. Norberg served as a special agent for the U.S. Secret Service where she worked with confidential informants in planning, organizing, and conducting investigations of federal crimes including telecommunications and bank fraud, counterfeiting of U.S. currency, and forgery of federal checks and bonds. Ms. Norberg graduated from St. John’s School of Law, where she served as an editor of the law review, and received her bachelor’s degree from Bloomsburg University of Pennsylvania. Under the SEC’s whistleblower program, the SEC is authorized to pay 10-30% 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 to the Commission with a reasonable belief that the information relates to a possible securities law violation that has occurred, is ongoing, or is about to occur.   [SEC PR 12-10, 1/17/12]