The seal of the U.S. Securities and Exchange Commission (SEC) is seen at their headquarters in Washington, D.C., U.S. REUTERS/Andrew Kelly
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November 29, 2021 - Whistleblowers have a longstanding and vital role to play in detecting securities fraud. Protections for whistleblowers weakened during the Trump administration, as did efforts to incentivize reporting fraud to the U.S. Securities and Exchange Commission (SEC). The Biden administration has brought hope for revitalized protections and incentives for whistleblowers through recently updated guidance from the SEC and proposed legislation pending before Congress.
As corporate insiders, whistleblowers know where and at whom to look to expose well-hidden fraud and harmful business practices. Getting this inside perspective to regulators can kickstart entirely new investigations and drive existing investigations with new leads. For this reason, since July 2010, the SEC has maintained an Office of the Whistleblower, which "strongly encourages the public (including any whistleblowers)" to submit any tips or complaints of securities fraud.
In addition to enforcement actions, whistleblower tips have long provided invaluable behind-the-scenes information that has...
The Government of India has rejected a viral video that falsely claims the country is facing a civil war-like situation. The Fact Check Unit of the Press Information Bureau (PIB) clarified that th...