CCMC-ILR-WB-Comment-Letter-12-17-2010

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1U.S Chamber of Commercewww. uscharnber. cornDecember 17, 2010MurphyMs. Elizabeth M.SecretaryU.S. Securities and Exchange Commission100F Street, NEWashington, DC 20549Re:Proposed Rules for Implementing the Whistleblower Provisions ofSection 21F of the Securities Exchange FileAct of 1934, Number S7-33-10.Dear Ms.Murphy:We are submitting these comments on behalf of the U.S. Chamber of CommerceCenter for Capital Markets Competitiveness(“CCMC”) and the U.S. Chamber Institute forLegal Reform (ILR). The U.S. Chamber of Commerce “Chamber”) is the(the world’slargest businessfederation representing the interests of more than three million companiesof every size, sector, and region. TheChamber created CCMC to promote a modern andeffective regulatory structure for capital markets to fully function 21 centuryin a economy.ILR is an affiliate of theChamber, dedicated to making our nation’s overall civil legal systemsimpler, fairer and faster for all participants.Businesses have stronga self-interest in detecting and eliminating illegal conductwithin their organizations. Unlawful activityis, of course, wrongful, and businesses strive tocomply with the law. Such misconduct also hurts investors downby driving a company’svalue,damages a company’s reputation, drives away business partners and customers, andotherwise harms companya in the marketplace.For these reasons, large numbers of companies have implementedstrong internalreportingsystems to ...

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• Publié par: Faguk
• Nombre de lectures: 12
• Langue: English

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