What is the point of the sec whistleblower program?
The SEC has a program called a whistle blower program that allows individuals to report instances of fraud through a hotline. The program protects those who are reporting instances of fraud that they are aware of and which they did not commit from being punished for the fraud, both from the SEC and from their employer if they were in trouble. But how does this program work and what is the point of the sec whistle blower program
What is the point of the sec whistle blower program?
The point of the sec whistleblower program is that it allows individuals who want to report instances of fraud with the ability to easily and comfortably do so without having to strain themselves significantly by doing so. This increases the chances that someone who is aware of fraud would actually report it and thereby acts as a deterrent from someone committing fraud in the first place.
Further the presence of the sec whistle blower program provides the SEC with the ability to allocate their resources in a way that is more effective and that provides staff members with good leads on actual reporting instances of fraud which results in the overall better usage of their resources and provides better training to SEC staff members.
As a result of these factors the sec whistle blower program has been a large success for the organization and has helped to satisfy the SEC's role in policing the securities exchanges and to provide effective oversight over stock markets which improves investor confidence and fuels financials markets.
What is the point of the sec whistle blower program?
The point of the sec whistleblower program is that it allows individuals who want to report instances of fraud with the ability to easily and comfortably do so without having to strain themselves significantly by doing so. This increases the chances that someone who is aware of fraud would actually report it and thereby acts as a deterrent from someone committing fraud in the first place.
Further the presence of the sec whistle blower program provides the SEC with the ability to allocate their resources in a way that is more effective and that provides staff members with good leads on actual reporting instances of fraud which results in the overall better usage of their resources and provides better training to SEC staff members.
As a result of these factors the sec whistle blower program has been a large success for the organization and has helped to satisfy the SEC's role in policing the securities exchanges and to provide effective oversight over stock markets which improves investor confidence and fuels financials markets.