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.

Grassley, who helped to create the whistleblower program in 2010 following the Bernie Madoff scandal, tracked reporting by Bloomberg Law in a letter to SEC Chair Gary Gensler. Bloomberg Law has reported the number of payouts to whistleblowers fell sharply last fiscal year, and agency steadily has reduced the amount of information it releases to the public.

“(C)oncerns have been ...