The Securities and Exchange Commission today announced that Jane A. 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 the Dodd-Frank Wall Street Reform and Consumer Protection Act, 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 the Office of the Whistleblower helps ensure that whistleblower complaints are handled appropriately, and recommends to the Commission whether an individual is eligible for an award.
"Jane has extensive experience in both the private and public sectors, particularly with regard to corporate governance, compliance and disclosure matters," said Sean X. McKessy, Chief of the SEC's Office of the Whistleblower. "With the experience she brings, Jane will help us to fulfill our mission of administering a vigorous whistleblower program will help the SEC identify and halt frauds early and quickly to minimize investor losses."
Ms. Norberg comes to the SEC after 14 years of experience at her own law firm and at Shearman & Sterling. In these capacities, Ms. Norberg 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.
Prior to 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.
"The whistleblower program is an important component of the SEC's efforts to stop those who prey on investors and destroy the public's trust in our capital markets," said Ms. Norberg. "I am honored and excited to join the Commission staff and look forward to helping the agency build on the success achieved in the short time since the program was established."
Ms. Norberg is a cum laude graduate of St. John's University School of Law, where she served as an editor of the law review and was a merit scholarship recipient. She received her bachelor's degree from Bloomsburg University of Pennsylvania.
Under the SEC's whistleblower program, the SEC is authorized to pay 10 to 30 percent 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. For more information or to access forms to submit information or apply for an award, visit www.sec.gov/whistleblower.