The issue of whether attorneys may "blow the whistle" on conduct they reasonably believe violates securities laws, and thereby collect bounties under federal whistleblower laws, is controversial.
http://www.jdsupra.com/legalnews/lawyers-ethics-committee-deems-new-york-08953/
http://www.jdsupra.com/legalnews/lawyers-ethics-committee-deems-new-york-08953/
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