Friday 17 April 2015

3 Missteps Recognized By A SEC Whistleblower

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.

One of the critical mistakes that can be made, according to companies like Whistleblowers Against Fraud, is not presenting evidence when needed. It isn't enough for an SEC whistleblower to simply point out a problem and let things end there. There should be tangible evidence in place, whether it's a form, a series of documents, or what have you. Without evidence, this type of practice will be carried out with less effectiveness in place.

If you want to talk about other mistakes linked to these individuals, I believe that conflicts of interest should be detailed. You've probably heard about these before, as the term entails any action being done for immoral or self-serving purposes. Fortunately, whistleblowers understand that their work is professional. With this in mind, it's clear that conflicts of interest will not be a problem. If anything, it's clear that they will only be downplayed.

Finally, it's a critical mistake to not recognize the many areas of expertise. W.A.F., as well as other organizations, know that there are several industries which can require these services. One of the prominent examples would be healthcare, as elements like Medicare and medical devices can be affected. With this in mind, if you have a strong understanding of various fields, you will only become that much more effective as a whistleblower.

The responsibility that an SEC whistleblower must account for is nothing short of tremendous. This individual must know how to observe unethical behavior, whether it's directly related to federal cases or not, and how to report on said behavior in the long term. Of course, there are certain mistakes to be recognized as well. As long as you keep the aforementioned points in mind, there's no doubt that you will have an easier time fulfilling this work.




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