Additionally, the Sarbanes-Oxley Act of 2002 (SOX) mandates corporations set up procedures for whistle-blowers to provide information, specifically through an anonymous reporting channel, without retaliation from superiors.
In the financial services industry, personal information is protected by the Sarbanes-Oxley Act of 2002 (SOX), which enacted stringent requirements for the protection of confidential information.
The act exempts new companies, for their first five years, from the onerous Sarbanes-Oxley (SOX) regulations (passed in 2002, in response to a spate of corporate scandals).