• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

60 Degree

60 Degree

  • Home
  • About
  • Lifestyle
  • Money
  • Travel
  • Business
  • Investing
  • House
  • Health
  • Blog
  • Contact Me

The Vital Role of the SEC Whistleblower Program

February 21, 2019 by Josh Leave a Comment

To understand the SEC Whistleblower Program, a bit of context is necessary. In the aftermath of the second greatest financial meltdown in US history, as caused by all sorts of irresponsible, shady Wall Street deals. The SEC had existed in a more tame, obscure form for years, but it wasn’t until the President signed in the Dodd Frank Wall Street Reform Act in 2010 that they were empowered to their current state and more widely publicized. It was then that the modern Whistleblower program was created as a part of the U.S. Securities and Exchange Commission, an independent agency under the Federal Government

It was created to promote transparency and honesty in business, and to protect those who report malpractice in the financial sector. It forms one part of the safeguards established against history repeating itself, and its’ leadership prides itself on their position and performance; In less than a decade of operation, they’ve secured over one billion dollars in compensation from those found abusing the financial system and paid out $250 million dollars to whistleblowers across the United States. When you see backdoor deals, collusion and the like – the SEC is there to level the playing field between you and the powerful people who think they’re above the law.

They have an impressive, successful record of winning cases and defending freedom of information. They’ve successfully combatted corrupt titans of industry, guided faithfully by their original mission statement -“We seek to level the playing field, so SEC whistleblowers can successfully report securities violations—without personal or professional regrets.”

They refer to the ability of people to report without fear of reprisal; this is because the program will take anonymous reports and carry the burden of pursuing justice from there. They also refer to protect them from regrets, but I must regretfully inform the reader that they’re currently closed; the government shutdown has deprived this safeguard of the American economy of appropriations needed to pay their employees. Hopefully, such partisan fighting will soon come to an end and allow the men and women of SEC to do their good work, instead of being repaid for it by being made to fear for their ability to pay rent and provide for their families.

If you want to learn more about our blog, please click here.

Filed Under: Lifestyle

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

About Me

My name is Josh and I'm the blogger behind 60 Degree. I discuss all kinds of topics, but my main focus is business and investing. Numbers are what I'm good at, so these kinds of topics come easily to me.

Newsletter

Facebook

60 Degree

Follow Us Online

  • Facebook
  • Instagram
  • LinkedIn

Which are the Best Courses for Oil and Gas in the UK?

March 22, 2023 By Josh Leave a Comment

A career in oil and gas is a promising career for … [Read More...] about Which are the Best Courses for Oil and Gas in the UK?

3 Ways To Prepare For Living In A College Dorm

March 20, 2023 By Josh Leave a Comment

If you’re about to head off to college and will be … [Read More...] about 3 Ways To Prepare For Living In A College Dorm

Thinking How to Make a Difference Among All the Sellers Online? Try These Things

March 15, 2023 By Josh Leave a Comment

Are you a T-shirt seller and looking to stand out … [Read More...] about Thinking How to Make a Difference Among All the Sellers Online? Try These Things

Footer

About Me

My name is Josh and I'm the blogger behind 60 Degree. I discuss all kinds of topics, but my main focus is business and investing. Numbers are what I'm good at, so these kinds of topics come easily to me.

Recent Post

  • 4 Crucial Asset Allocation Tips for Seniors Nearing Retirement
  • Kitchen trends in 2023: Make your kitchen look classy today with these ideas!
  • 3 Tips for Conducting Employee Satisfaction Surveys
  • Which are the Best Courses for Oil and Gas in the UK?
  • 3 Ways To Prepare For Living In A College Dorm

Facebook

60 Degree

COPYRIGHT 2018 · 60 Degree

Copyright © 2023 · News Pro on Genesis Framework · WordPress · Log in