Whistleblowing incentives are off the chain with the new financial reforms! It’s almost unbelievable to know how much the SEC is willing to pay people! I wonder if the strengthening of such a regulatory action will bring more peace or problems?
I can only imagine the number of fraud allegations that will arise in the upcoming months/years, and how many coworker relationships will be strained knowing the high stakes of such a regulation. On the other hand, with the last 2 economic years being a complete whirlwind due (partially) to major incompetence in the financial industry I can definitely see the tattletale benefits (for the economy, and not just the tattletaler).
A few things are for sure though…PR specialists and lawyers will probably be working their asses off to deal with false accusations, and CEOs, GMs, fund managers, bankers etc. will probably try as hard as they can not to ethically/morally screw up. Or at least try even harder than they can to get away with it.
