Looking At 3 Oversights Of SEC Whistleblower Efforts

By Bob Oliver


SEC whistleblower practices are some of the most comprehensive. There is a sense of ethical behavior that cannot be overlooked, which goes without saying, and I am sure that most others will attest to this. However, I think that it's especially important to look at some of the mistakes that can be made in their work. In order for a potential whistleblower to be as effective as possible, I believe that these 3 mistakes are ones worth recognizing.

Whistleblowers Against Fraud, in addition to other companies, know all too well about evidence. However, when an SEC whistleblower fails to showcase this level evidence, it's easy to imagine that his or her case can fall flat. Evidence along the lines of documentation can prove to be quite useful, seeing as how it's tangible and not so easily edited. Amongst the many mistakes to consider, as far as this action is concerned, the lack of evidence cannot be questioned.

Conflicts of interest can also prove to be mistakes recognized by this type of authority. For example, let's say that a reporter decides to write a story about someone that he or she is closely related to; that would be considered a conflict of interest. Suffice it to say, this concept can be applied to this line of work as well, meaning that motivations should be clean as possible. Professionalism is paramount, especially when it can reduce the risk of mistakes being made later on.

What about the various fields in which this action can be done? W.A.F. can tell you that several fields can be brought into this discussion, one of the most prominent being healthcare. You have to consider the financial aspects tied to Medicare, for example, in addition to pharmaceutical practices. As long as you have a general understanding of how these fields work, there's no doubt that you will be able to thrive that much more as a whistleblower.

Without question, an SEC whistleblower has a sense of responsibility to account for. This individual must be able to not only observe unethical behavior, from a federal standpoint, but report it so that a greater degree of light is shined on it. With that said, though, certain mistakes are ones to recognize. As long as you keep these in check, and work based off of them as well, there's no doubt that fewer errors will be made during this rather intricate process.




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