Corporate Snitching to SEC Surges as Telework Emboldens Tipsters
- Wall Street regulator received more than 12,000 tips in 2021
- Whistle-blower complaints almost doubled from previous year
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Wall Street’s main regulator received more tips on corporate wrongdoing than ever before as employees became more confident to report on misdeeds after working away from the office for more than a year.
The U.S. Securities and Exchange Commission received more than 12,000 whistle-blower tips in the fiscal year that ended on Sept. 30, almost double the previous record set last year, according to the agency’s annual whistle-blower report published Monday. The jump in tips coincides with much of corporate America working from home during the pandemic.