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...