Whistleblowers Are the Conscience of Society, Yet Suffer Gravely For Trying to Hold the Rich and Powerful Accountable For Their Sins covertactionmagazine.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from covertactionmagazine.com Daily Mail and Mail on Sunday newspapers.
In order for capital markets to function well, investors need accurate information about securities. If investors do not trust firms’ disclosures, they will discount what they are willing to pay for securities, increasing the cost of capital and thereby making it more difficult, even for honest firms, to fund productive endeavors. Moreover, investment decisions based on inaccurate information distort the efficient allocation of resources in an economy.
Department of Justice has issued several policy memoranda setting forth factors federal prosecutors will consider when assessing corporate misconduct. ABA National Institute on White Collar Crime DOJ officials made significant statements agency focus corporate wrongdoing.