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Corporate Snitching to SEC Surges

Experts believe remote work is contributing to an uptick in reports of corporate wrongdoing.

By Matt Robinson & Ben Bain | November 15, 2021 at 11:59 AM

Wall Street’s main regulator received more tips on corporate wrongdoing than ever before as employees became more confident to report on misdeeds after working away from the office for more than a year.

The U.S. Securities and Exchange Commission (SEC) received more than 12,000 whistleblower tips in the fiscal year that ended on September 30, almost double the previous record set last year, according to the agency’s annual whistleblower report published Monday. The jump in tips coincides with much of corporate America working from home during the pandemic.

Being away from the office has led workers to question how dedicated they are to their employers, according to academics and whistleblower attorneys. Tipsters can more easily report on their colleagues’ activities without worrying about whether co-workers are peering over their shoulders or  managers are tracking their actions.

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