The Securities and Exchange Commission has received 334 tips from whistleblowers for fiscal year 2011, according to the annual report released today by the agency. The SEC clarified that since the final rules governing the establishment of its Office of the Whistleblower went into effect on Aug. 12, the data collected only reflects reported activities from then through Sept. 30.
Of the 334 complaints received by the Commission, the top three concerns were related to market manipulation (16.2 percent), corporate disclosures and financial statements (15.3 percent), and fraud related to securities offerings (15.6 percent). Other allegations reported to the SEC include matters related to trading and pricing (5.1 percent), insider trading (7.5 percent), the Foreign Corrupt Practices Act (3.9), municipal securities and public pensions (2.7), unregistered offerings (5.4), market events (3.3), and other topics (23.7).
