Sarbanes-Oxley Act - Whistleblowers The Sarbanes-Oxley Act (SOX) of 2002 -- signed into law following the corruption attributed to ENRON, WorldCom, and other corporations at the turn of the century -- is a vitally important protection for whistleblowers. Within the law there is a rule that publicly traded firms must set up an "internal and independent 'audit committee'" (Kohn, 2012)
According to the report of this case in the noted news organization, Reuters, Edwards provided tips that led to the discovery that JP Morgan had defrauded the federal government of millions of dollars. Although the amount of the payment was announced in March, he case was actually settled in February, 2014 (Stempel, 2014)