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Fundraiser is not whistleblower on SEC complaint

Fundraiser is not whistleblower on SEC complaint

Fundraiser is not whistleblower on SEC complaint

The director of planned giving at a nonprofit school of engineering who files a complaint with the Securities and Exchange Commission about the school’s administration of a charitable remainder trust does not qualify as a “whistleblower” entitled to protection under the Dodd-Frank Act, a federal District Court in Wisconsin has held. Edward Fitzpatrick III was hired by the Milwaukee School of Engineering in December, 2014. He ran into difficulties early in his tenure. He received a verbal warning for inadequate performance and productivity in February, 2016 and got continuing low performance reviews. In March, 2017, he became concerned that the school had made payments to the life income...

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