It doesn’t pay to be a whistleblower in Canada’s corporate world. Not only are there absolutely no financial incentives in place to reward people for coming forward with incriminating information, but there is also a very real possibility those who shed light on wrongdoing will have to find another job.
Ottawa lawyer Harold Geller advised his client, a mutual fund salesman named Don Andrews, to go to authorities with his belief that a superior had involved them in a pair of schemes that contravened the rules at the large financial services firm where they worked…
… On its website, the MFDA says it hopes tips and information from whistleblowers will help the enforcement team “identify fraud and other misconduct and take the necessary regulatory action against responsible parties earlier than otherwise possible.”
Barbara Shecter – Financial Post – May 24, 2014.
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