An irreverent Wall Street Blog
by Bill Singer

Pay the Piper...and the Whistleblower

September 18, 2009

 

Needed: New Wall Street Whistle-Blowing Laws

We need to give financial incentives for people to blow the whistle on Wall Street. Why? Because the SEC isn't protecting us.

By Bill Singer, Attorney and publisher of http://BrokeAndBroker.com and http://RRBDLaw.com

BILL SINGER: Given the horrendous job that the Securities and Exchange Commission (SEC) and other regulators have done, more eyes and ears should be helpful--and particularly if those watchers and listeners are motivated by the lure of a bounty. As such, I propose that we implement an act modeled after the False Claims Act replete with its Qui Tam provision to deputize millions of Americans to patrol the Wall Street beat.

To read more of Bill's weekly Forbes column, visit:

http://www.forbes.com/2009/09/18/commentary-singer-whistle-intelligent-investing-blower.html

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