With nearly 2/3 of companies in the U.S. impacted by fraud, it is important that a fraud whistle-blower program is enacted, a Harvard Law School blog post argues. The point of an internal corporate fraud program is to identify issues internally rather than have whistleblowers “incentivized to turn to the Securities and Exchange Commission.” The SEC whistle-blower program provides monetary incentives for individuals, including employees, to come forward and report possible violations of the federal securities laws to the SEC. Employee wrongdoings may trigger a government investigation or shareholder suit “There is often a fine line between unethical and unlawful…
Harvard Law School Advises Creating Corporate Whistle-blower Program
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.