Whistleblower Exam

 

We have heard that the Boston Regional Office of the SEC has begun a whistleblower review which apparently is Whistleblower Silencebeing conducted as a correspondent exam. This means the staff is doing the reviews by gathering documents without visiting firms. The examination period is January 1, 2012 through the present and documents being requested are available here.

As yet, we have not heard of any other Regional Offices conducting the Whistleblower Exam. Please inform your Focus 1 contact person if you receive a request letter. While whistleblower reviews were not included in the 2015 list of SEC priorities, the SEC in April sanctioned one firm for muzzling a whistleblower and another firm for retaliating against a whistleblower.

[See here and here].

 

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