I fail to understand the SEC's rationale for rewarding going to compliance before going to the regulator.
If the whistleblower has found something illegal, then the crime has been committed (whether in fact or in planning). It seems to significantly undermine their position as law-enforcement for the SEC to publicly say "We'd prefer crimes be handled internally instead of being reported to legally vested authorities."
I fail to understand the SEC's rationale for rewarding going to compliance before going to the regulator.
If the whistleblower has found something illegal, then the crime has been committed (whether in fact or in planning). It seems to significantly undermine their position as law-enforcement for the SEC to publicly say "We'd prefer crimes be handled internally instead of being reported to legally vested authorities."