Press releases
Kinetic Partners, a global professional services firm to the asset management, investment banking and broking community, announced that it has released whistleblower guidelines for clients to implement into their compliance programs, coinciding with the Securities and Exchange Commission’s recent announcement of the new Office of the Whistleblower.
The SEC launched on August 12th a new website that outlined its whistleblower program on how to provide information involving frauds of $1 million or more. Those who provide sufficient information to the SEC are eligible for payouts of up to 30 percent of the amount recovered in the case.
Kinetic Partners’ policy, which is based on the SEC whistleblower guidelines, is designed as a resource for clients to use with the goal of identifying fraudulent and potentially harmful information, helping to protect company employees as well as clients. Whistleblower policies are being implemented as a result of the Dodd-Frank Wall Street Reform Act to expose insider trading, pyramid schemes and other unethical or illegal investment practices.
“Many of these cases would normally go undetected, so it is important that our clients know that our Firm has created a whistleblower policy for their benefit,” said Jonathan Saxton, Director, Global at Kinetic Partners. “If one act of unethical or illegal business practice is not properly addressed, it could potentially adversely impact a wide range of individuals both within and outside the company”
