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“Symantec tumbles on disclosure of whistleblower probe”

Phillips & Cohen partner and former Chief of the SEC’s Office of the Whistleblower Sean X. McKessy spoke with Reuters regarding yesterday’s disclosure by cyber-security firm Symantec that it has launched an investigation into “concerns” raised by a former employee:

Sean X. McKessy, a former chief of an SEC program that rewards whistleblowers for turning in firms that violate U.S. securities laws, said the warning of a delay in filing the 10-K suggests that the issue is related to accounting practices. 

He said the SEC has likely begun an informal review of the matter, but would likely wait to see results of the company’s probe before deciding how to proceed.

The full story is available on Reuters’ website.

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