The Securities and Exchange Commission’s rapid development of its whistle-blower program may well catch criminal activity that falls under the radar. The program sounds great, in theory, but there are several ways its success may harm the agency. In a sense, the program privatizes enforcement just as the agency is struggling to get more public financing. It also may not add a necessary new incentive to some decent old ones, and it creates a perverse financial motivation for employees at corporations. A closer look at these problems: More in the New York Times.
