Labaton Sucharow released the findings of its second survey on whistleblowers and corporate integrity. This time, we decided to expand our scope by surveying 500 professionals, evenly split across the United States and the United Kingdom, working in various segments of the financial services industry. Conducted by Populus in June, Wall Street, Fleet Street and Main Street: Corporate Integrity at a Crossroads reveals startling data on corporate ethics, the regulatory landscape, and individuals’ willingness to blow the whistle on wrongdoing.

One of the staggering statistics that we found was that 30% of all financial services professionals reported feeling pressure to compromise ethical standards or violate the law as a result of their compensation or bonus plan. We also discovered that gender played an important role in how financial professionals responded to the survey.

At the same time, 94% responded that they would report misconduct under the auspices of the SEC Whistleblower Program. This is a positive sign that we are moving towards the right direction, but we must continue to educate our workforce and bridge the gap between the regulators and industry.  The survey was released in conjunction with the launch of the Firm’s SEC Whistleblower Eligibility Calculator, an innovative web-based tool to enable users to assess their eligibility for the SEC Whistleblower Program.

Please contact Jordan A. Thomas, the Chair of our Whistleblower Representation Practice, regarding the US-UK Financial Services Industry Survey, SEC Whistleblower Eligibility Calculator, or if he can be a resource on Whistleblower and Securities enforcement issues.

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