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By Rob Tricchinelli
Nov. 16 — Senate Judiciary Chairman Chuck Grassley (R-Iowa) and Sen. Elizabeth Warren (D-Mass.) asked the SEC Nov. 16 to assess the effects of its whistle-blower program and how the agency has reacted to a 2013 inspector general report on the program.
The senators asked for statistics on tips received by the Office of the Whistleblower, how promptly the agency responded to them and how the agency responded to different classes of tips.
The letter comes the same day that the whistle-blower office released its annual report.
In January 2013, the Securities and Exchange Commission's inspector general recommended that the agency's whistle-blower office firm up its performance standards.
The senators also asked for an update on how the agency is addressing those recommendations.
“The whistleblower program is an important tool in the SEC's efforts to combat securities fraud and almost three years have passed since the SEC OIG evaluation of this program,” they wrote.
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