SEC official reveals whistleblower realities
Author: | Published: 31 Jan 2011
A senior US Securities and Exchange Commission (SEC) official
believes that whistleblowers should not approach their
companies’ management before the regulator.
According to David Becker, SEC general counsel this is because
some compliance programmes "no matter how elaborately conceived
and extensively documented, exist only on paper. Some small
number are shams."
"I once knew of an ostensibly anonymous employee hotline that
actually rang on the desk of the CEO’s secretary,"