Implications for Hedge Funds of New Whistleblower Initiatives by FINRA and the SEC: An Interview with Kenneth Springer of Corporate Resolutions Inc.

On March 5, 2009, the Financial Industry Regulatory Authority (FINRA) announced that it had established a new Office of the Whistleblower to expedite the review of high-risk tips by FINRA senior staff and ensure a rapid response for tips believed to have merit.  On the same day, the SEC announced that it had enlisted the services of the Center for Enterprise Modernization, a federally funded research and development center operated by The MITRE Corporation, to begin immediately working with the agency to conduct a comprehensive review of internal procedures used to evaluate tips, complaints and referrals.  The Hedge Fund Law Report discussed these developments in an interview with Kenneth Springer, President of Corporate Resolutions Inc., a worldwide business investigations and consulting firm based in New York City.  We offer the full text of that interview.

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