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SEC: Don’t Ignore the Habitually Wrong Whistleblower

By | June 24, 2014

SEC Chair Mary Jo White recently gave a speech on a number of important matters, including the role of directors as gatekeepers, her views of self-reporting of violations and the SEC’s whistleblower program.  In the speech she noted “You may well have doubts about the bona fides of a particular whistleblower – perhaps because his or her prior nine tips have not proven to be true or management tells you that the would-be whistleblower is a disgruntled employee.  But always think – because it is so – that her tenth tip may be right on target.  The bottom line is that it is a mistake not to take all tips from whistleblowers seriously.”

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