The SEC's whistleblower office reported 3,923
tips in the last fiscal year, resulting in $37 million in awards
for reporting securities violations. Tips came in from all 50
states as well as Washington, D.C., and 61 foreign countries. The
most common tips reported by whistleblowers pertained to disclosure
issues, followed by fraud and stock manipulation, which is
consistent with prior years. Eighty percent of award recipients
reported their concerns internally before coming to the SEC.
Enforcement leaders at the SEC and DOJ said their agencies are
getting a higher number of tips alleging violations of the Foreign
Corrupt Practices Act, and those tips are increasingly
sophisticated, as employees better understand information needed by
authorities to open investigations.
Link To Article
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
