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," Becker added.


Becker, speaking...


 

close Register today to read IFLR's global coverage

Get unlimited access to IFLR.com for 7 days*, including the latest regulatory developments in the global financial sector, updated daily.

  • Deal Analysis
  • Expert Opinion
  • Best Practice

register

*all IFLR's global coverage published in the last 3 months.

Read IFLR's global coverage whenever and wherever you want for 7 days with IFLR mobile app for iPad and iPhone

"The format of the Review has changed over the years; the high quality of its substantive content has not."
Lee C Buchheit, Cleary Gottlieb

register