February 20, 2022
Dear SEC,
the intended rule changes are very welcome and needed as well.
At least the last two decades have proven that most of the damage which has been dealt to society as well as the economy as a whole was either intentional or collateral damage taken into account and accepted by the behaviour of big, financial institutions. From my point of view there is no doubt that the damage as well as the events that caused it could have been avoided if insiders would have been encouraged enough to blow the whistle and reach out to you. Most of the time, there is no other way than insiders giving out evidence of criminal activity and since most insiders do know quite well about the danger they are putting themself into, it is the monetary safety that needs to be assured for those individuals in order to have them step up and give you enough insider information and evidence in order to enable the prosecution of such behaviour. Because of that, the intended rule changes are highly appreciated and seem like a good attempt to establish an even more effective way for the SEC to offer whistleblowers the monetary safety/benefit for them to take action.
Thank you for taking your time for reading this.
-- Jesper Lerch