Sunday, 1 February 2015

Can SEC Whistleblowers Endorse The Whistleblower Protection Act?

By Bob Oliver


It's clear that SEC whistleblowers are helped and guarded by a number of guidelines. I am sure that there are those who have been helped, whether job-related or otherwise, because of these and this is one of the many reasons why I feel like it's vital to go over the Whistleblower Protection Act. For those who would like to know what this is all about, here are a couple of essential talking points designed to expand your understanding on the matter.

The Whistleblower Protection Act is a set of rules that, more or less, works to help those who are employed by the federal government. Basically, these SEC whistleblowers can report problems in their respective sectors, without the worry of being fired or otherwise punished for doing so. From here, you can tell that the aforementioned act is of the utmost importance. However, there's more to detail and authorities the likes of Whistleblowers Against Fraud can offer further insight.

The WPA was passed, by U.S. Congress, in 1989 and this was a protective measure for SEC whistleblowers. It made it so that the aforementioned individuals could not be punished or even retaliated against for drawing attention to legal issues. If they were, the WPA - in addition to its various guidelines - would come into the picture. Of course, there are still issues which involve these men and women losing their jobs. You may wonder why this problem continues to exist.

I believe that part of it comes from the idea that some SEC whistleblowers do not understand the extent of their rights. They know how to draw attention to federal problems, yes, but do they know about the rules which serve to protect them? It's unlikely that everyone does, which means that there should be attempts made to educate themselves. If these are seen, there's no doubt that the WPA will be a point to cover in detail.

As you can see, punishment should not be an issue when it comes to the idea of federal stability. There are certain actions which are illegal, meaning that attention should be drawn to them. However, when there's the looming possibility of punishment, either through termination of jobs or otherwise, it's clear that there is uncertainty to be had. With this in mind, you can clearly see why the WPA is not only useful but required.




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