WSJ – When Frank Harrison decided in 2009 to go to the Federal Bureau of Investigation with allegations of fraud at hedge fund New Stream Capital LLC, he wasn’t prepared for one of the most nerve-wrecking aspects of being an informant—a long wait with little inkling of action being taken.
Whistleblowers have become an increasingly important part of the U.S. government’s white-collar crime enforcement efforts and the 2010 Dodd-Frank law introduced new incentives to come forward with information. At the same time, whistleblowers often say that when they report alleged wrongdoing they’re faced with prolonged silence by regulators.
