Grassley Questions Staffing, Delays in SEC Whistleblower Effort

Sen. Chuck Grassley (R-Iowa) wants the SEC to disclose how much staff is dedicated to its whistleblower program, writing that investigative delays and a recent dip in the number of awards have raised “concerns” about the agency’s signature enforcement effort.

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“(C)oncerns have been raised about the SEC’s delay in paying whistleblower awards and a lack of transparency about the resources the SEC has dedicated to review whistleblower tips and award determinations,” Grassley wrote. “Accordingly, given the recent lower than anticipated number of whistleblower awards and the increased number of whistleblower tips, I write today to gather more information with respect to the resources dedicated by the SEC to processing whistleblower tips and claims.”

Source: Grassley Questions Staffing, Delays in SEC Whistleblower Effort