3 ms·
> why not let the govt make money exposing bad actors?Why should the tax payer fund the cops? Do you mind elaborating? Just trying to figure out what you meant
by filoleg 4y ago
> why not let the govt make money exposing bad actors?Why should the tax payer fund the cops?
Do you mind elaborating? Just trying to figure out what you meant there.
Are you talking literally about police funding and how it could have been better used for funding SEC? Or are you talking about it in a more metaphorical sense, and questioning why random tax payers are doing the job of catching instances of malicious insider trading instead of SEC doing that?
If it is the latter, then there is one solid incentive - whistleblowers get a reward between 10-30% of the monetary sanctions recovered on that case by SEC, as long as the case was successful and led to over $1mil recovered[0].
0. https://www.sec.gov/whistleblower/frequently-asked-questions https://www.sec.gov/whistleblower/frequently-asked-questions