The federal law designed to shield whistleblowers from retaliation has given scant protection to workers in the six years since it was written into the Sarbanes-Oxley Act (SOX), legal experts claim and Department of Labor (DOL) statistics confirm. Moreover, it appears the odds are getting worse, with recent actions exposing loopholes so big that Enron-scale fraud, or auction-rate securities malfeasance, could slither through. “The law obviously has not worked,” says attorney D. Bruce Shine.

As evidence, he points to a recent court decision that snatched away protection previously awarded his client, and a new DOL interpretation of the statue that limits its scope to publicly-traded companies, not their privately-held subsidiaries.

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