𝚆𝚑𝚒𝚜𝚝𝚕𝚎𝚋𝚕𝚘𝚠𝚎𝚛 𝚃𝚒𝚙𝚜 𝚃𝚘 𝚃𝚑𝚎 𝚂𝙴𝙲 𝙷𝚊𝚟𝚎 𝚃𝚛𝚒𝚙𝚕𝚎𝚍 𝙸𝚗 𝚃𝚑𝚎 𝙻𝚊𝚜𝚝 𝟻 𝚈𝚎𝚊𝚛𝚜
Recently, the US Securities and Exchange Commission revealed that it had received 6,911 tips from whistleblowers, which was up 30% on the year before.
Well, we just got the data in for the 12-months to September 2021, and the SEC got over 12,000 tips... a 76% rise on last year.
It's easy to understand why whistleblowing might go up when working from home. It's harder to look over someone's shoulder, and it's easier to pluck up the courage to tell on some shady practices if you don't have to look your boss in the face.
SEC has powerful financial incentives for those who inform on wrongdoing that results in successful legal action. Recently they paid out $12.5m to a whistleblower, whose tip-off resulted in action. That's a nice payday for doing something good, but it's nothing on the enormous $114m that was paid out to one individual in 2020.
𝙲𝚑𝚊𝚛𝚝𝚛 | 𝙳𝚊𝚝𝚊 𝚂𝚝𝚘𝚛𝚢𝚝𝚎𝚕𝚕𝚒𝚗𝚐
