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SEC Faces Questions About Tipster Policy

The Securities and Exchange Commission faced fresh questions about its efforts to attract whistleblowers who might help regulators uncover wrongdoing on Wall Street, following revelations that the agency unwittingly revealed a tipster’s identity during a probe. The agency’s disclosure of a whistleblower’s identity, as reported in a page-one story in Wednesday’s Wall Street Journal, prompted Sen. Charles Grassley, the ranking Republican on the Senate Judiciary Committee, to request that the SEC detail its policies to protect the confidentiality of whistleblowers and others who share information, often at risk to their jobs or careers. Read Wall Street Journal report here.

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