SEC official says a significant majority of whistleblowers reporting internally first

Stephen L. Cohen, Associate Director of Enforcement at the SEC, recently gave remarks at a conference.  In his remarks, Mr. Cohen stressed the importance of effective compliance programs.  Mr. Cohen also noted “So far, I am seeing a significant majority of whistleblower claims from people who have reported internally first.  They don’t appear to be running to the SEC and away from corporate compliance programs.”