By: Beth Healy – The Boston Globe

A federal law that protects employees at public companies when they blow the whistle on alleged fraud does not apply to mutual funds, a US appeals court ruled Friday.

The ruling, by the US Court of Appeals for the 1st Circuit, overturned a Boston federal judge’s decision involving two former Fidelity Investments employees. The new ruling finds that employees of mutual fund companies are not protected under Sarbanes-Oxley, the law passed in the wake of the Enron scandal.

This article can be found in its entirety on boston.com.