Lozada’s conviction stresses urgency of whistleblowers law

Jun Lozada in a Palm Sunday mass. File photo

Jun Lozada in a Palm Sunday mass. File photo

At this time of his life, it’s his faith in God that keeps Rodolfo “Jun” Lozada Jr. going.

The government has failed him. The country’s justice system turned against him. Many “friends” have abandoned him after they have used him for their agenda.

After his conviction to six to ten years in prison by the Sandiganbayan last week in the case involving the lease of idle lands when he was president of the Philippine Foreign Corporation, a teary-eyed Lozada said the decision was difficult to take but he is holding on to faith in God: “I once said before, eight years ago, one of the lessons I learned is that the opposite of fear is courage. In reality, the opposite of fear is faith. So I’m holding on to faith in God.”

Sister Mary John Mananzan, one of those who have consistently helped Lozada and his family all throughout Jun’s eight- year ordeal deal, said the case would not have materialized if he did not testify in the aborted corruption-tainted $329.5 million national broadband project with the Chinese firm, ZTE Corp.

“I’m sure of it. All the cases against him came out after he became witness. If it was really his crime, why wasn’t he charged when he was with PFC?” she asked.

It should be recalled that Lozada was the star witness in the NBN-ZTE scandal involving Gloria Arroyo and her husband Mike Arroyo.
Arroyo’s officials tried to talk him out of testifying, even treating him to a junket in Hongkong. But when he decided to come back and testify, he was abducted and was only released because of the vigilance of civil society and religious groups.

But Arroyo did not take it sitting down. Lozada was charged with graft and corruption for making his brother Jose Orlando Lozada a beneficiary of PFC’s Lupang Hinirang Program which allows the lease of idle public lands. Orlando was also charged and convicted.

Former President Benigno Aquino III, whose mother, former President Cory Aquino, led masses and joined marches in support of Lozada, took a hands-off attitude towards the cased filed against Lozada.

It was later found out that Aquino, who was then a senator, probably desiring to score points during the senate hearings on the NBN/ZTE, had offered to meet Lozada at the airport from Hongkong. Lozada at that time was still weighing the pros and cons of going against the Arroyo government and declined Aquino’s offer.

Aquino reminded Lozada of that incident when he (Lozada) ,Sister Mary John and some supporters met with him in Malacanang to seek for his assistance to stop what they feel are harassment by Arroyo.

In a dismissive tone, Aquino told Lozada that he would just pardon him if he gets convicted.

Alas, that promise had been overtaken by events because Aquino is no longer in a position to grant him pardon.

Lozada’s conviction cuts very deep because all those charged in the NBN-ZTE had been gone scot free.

With what happened to Lozada, Sister Mary John said, “who would want to be a whistle-blower?”

She said “Whistle-blowers are needed in the fight against corruption. If not for them, who would be witnesses? “

Related to the role of whistleblowers in the anti-graft campaign, Sen. Antonio Trillanes IV filed a bill (Senate Bill No. 290) seeking additional protection, security and other benefits for whistleblowers. At the House of Representatives, Kabayan Rep. Harry Roque has also filed a bill strengthening government and corporate accountability by supporting and protecting the right of employees to speak out about wrongdoing on the job.

In his first State of the Nation Address, President Duterte asked Congress to enact a Whistleblower Protection Law and strengthen the Witness Protection Program “to eradicate the prevalent cultures of fear and silence that have hounded our justice system.”

Sen. Antonio Trillanes IV

Sen. Antonio Trillanes IV

Trillanes said, “Several laws have been created to encourage whistleblowing; however, the existing legal framework barely meets the need for whistleblowers’ protection and support, and fails to provide them attractive incentives, considering the risks whistleblowers face when they surface.”

SB 290 which is in support of the government’s campaign against graft and corruption seeks to further uplift the welfare and protection of whistleblowers by giving them allowance sufficient for their daily basic financial requirements, housing and personal security. They are also given adequate protection by imposing penalties to employers, firms, companies or corporations that reject qualified applicants, on the ground that they are qualified whistleblowers or when a retaliatory act is committed against them in the workplace.

The bill further seeks to encourage witnesses to divulge the erring practices of public officials and employees by providing them additional monetary reward equivalent to at least ten percent of the amount which may be recovered as a result of their disclosure or the amount of One Million Pesos, whichever is lower.

“Many potential whistleblowers are discouraged from surfacing due to the risks it involves, including the security threat it entails, which sometimes completely destroy their future and prevent them from having a normal life. It is my hope that through this measure we can address the needs and promote the welfare of our whistleblowers, in exchange of the information relevant to our campaign in promoting good governance in the country,” Trillanes said.

Leaks, Whistleblowers, and the Media’s Right to Report

By Sheila S. Coronel

[Reprinted article from Sheila S. Coronel's blogpage WatchDog Watcher]

THIS WEEK, I moderated a discussion that followed the screening of Silenced, a new documentary that tells the stories of three whistleblowers who exposed torture, mass surveillance and government waste. Directed by Jamies Spione, funded partly by a $40,000-Kickstarter fundraising campaign, and executive-produced by Susan Sarandon, it’s a powerful film that shows how these insiders in the U.S. national-security establishment were intimidated and penalized for exposing the abuse of government power.

Their stories are not new. What Spione brought to the screen was the humanity of the whistleblowers and the patriotic idealism that compelled them to work in government agencies like the NSA and the CIA and then to speak out against the excesses they saw there. If anything, Silenced dramatizes how the landscape of government secrecy has changed dramatically since 9/11 and the war on terror. It makes the argument that whistleblowers play an essential role: Leaks are a necessary prophylactic, especially when they reveal the abuse of public authority and the harm done to the rights of citizens.

IMAGE from silencedfilm.com

IMAGE from silencedfilm.com

Investigative journalism is all about uncovering secrets, but no journalist will dispute that governments have the right to keep things under wraps. Secrecy, however, is also prone to abuse. Not all secrecy is justified, and it can be argued that whistleblowers and leakers deserve protection if they disclose important, if secret, information that is in the public interest.

These questions have come to the fore as technology has made leaking easier — the estimated 1.7 million documents that NSA contractor Edward Snowden supposedly has in some hard drives is a good example. At the same time, more advanced tools of email and phone surveillance have enhanced the ability of governments to track the sources of leaks.

Until this month, I thought that the U.S. government’s aggressive pursuit of media leaks was confined to state secrets and national security. But as it turns out, it’s not just the CIA, the National Security Agency, or the Justice Department that has gone after unauthorized information disclosures.

One of my former students, Reuters reporter Sarah N. Lynch, was recently the subject of a six-month probe by the Securities and Exchange Commission. In September last year, she wrote two stories revealing what took place in an executive session of the SEC, when the commissioners were deciding on the agency’s settlement with JP Morgan over the “London Whale” trading charges. The sources of the stories were unnamed, and at the behest of the SEC chair, Mary Jo White, the SEC’s Office of the Inspector General launched an inquiry into what it says were unauthorized disclosures of information. Investigators checked the email and phone records of 39 employees, interviewed 53 staff members, including all five commissioners, and examined building access logs scanning for reporters’ names.

In an article published by the Columbia Journalism Review this week, I wrote about the probe and similar ones that the SEC has undertaken since the 2008 financial crisis. From semi-annual reports that the OIG has submitted to Congress, I found that in the course of eight investigations of media leaks in the past six years, the SEC had examined some one million emails sent by nearly 300 members of its staff, interviewed some 100 of its own employees and trolled the phone records of scores more. ( A table with details of those investigations is here.)

SHEILA CORONEL is the founding executive director of the Philippine Center for Investigative Journalism, which she co-founded. She is dean of academic affairs at the Columbia Journalism School, where she founded the Stabile Center for Investigative Journalism.

SHEILA CORONEL is the founding executive director of the Philippine Center for Investigative Journalism, which she co-founded. She is dean of academic affairs at the Columbia Journalism School, where she founded the Stabile Center for Investigative Journalism.

It’s difficult to figure out what was at stake in what the SEC says were unauthorized disclosures. Certainly not state security. Nor was it the leak of trade secrets or the untimely release of tradable information because the SEC itself has provided nonpublic information to the press in what appears to be an effort to show it was aggressively pursuing wrongdoers in the corporate and financial realms. This double standard – going after “inconvenient” leaks while tolerating or even encouraging beneficial ones – holds particularly true for the national security arena as well.

More perturbing, however, is that it’s often the whistleblowers who are punished, not those whose crimes they exposed. As national-security whistleblower Jesselyn Radack pointed out in yesterday’s panel, only one person has been convicted of torture in the U.S. post-9/11: John Kiriakou, a former CIA analyst who was the first to confirm the use of waterboarding on suspected Al- Qaeda members. Kiriakou went to prison last year for passing classified information to the media.

The SEC, however, operates in what ought to be a far less secretive realm than national security. Its thorough probing of media leaks is disturbing because now, more than ever, financial reporters need wider latitude to report on corporate excess and the government’s efforts to rein it in.

As I said in the piece:

The zealousness of these probes is worrisome. Leak investigations send a chilling message to both journalists and their sources. They can also impede legitimate newsgathering and curtail reporting that seeks to hold government to account.

The SEC is a powerful agency with a big mandate that dates back to the stock market crash of 1929: To protect investors and maintain fair and functioning markets. That role has become even more important since the 2008 financial crisis.

The SEC is the enforcer of the law for the financial sector. Its success or failure in regulating companies and reining in the excesses of financial institutions are matters that concern not just the U.S. public but, given the global contagion that followed the collapse of Lehman Brothers in 2008, also the world.

More, not less, media scrutiny of the SEC would do us all some good… The leaks provide public insight into how the SEC works, even if they do disclose information that may inconvenience the agency.

Last fall, the Committee to Protect Journalists (CPJ) issued a report authored by former Washington Post executive editor Leonard Downie, Jr. that looked into how the Obama Administration’s aggressive prosecution of leaked information was restraining reporting. “In the Obama administration’s Washington, government officials are increasingly afraid to talk to the press,” the CPJ report said. “Those suspected of discussing with reporters anything that the government has classified as secret are subject to investigation, including lie-detector tests and scrutiny of their telephone and e-mail records.”

Next month, the Committee to Protect Journalists is launching a Right to Report campaign asking the administration to prohibit “the hacking and surveillance of journalists and media organizations and to limit aggressive prosecutions that ensnare journalists and intimidate whistleblowers.”

It’s a good name to call a campaign because what’s at stake in these leak investigations is precisely that: The right to report.

(Disclosure: I am on the board of the Committee to Protect Journalists)

Leaks, Whistleblowers, and the Media’s Right to Report

By Sheila S. Coronel

[Reprinted article from Sheila S. Coronel's blogpage WatchDog Watcher]

THIS WEEK, I moderated a discussion that followed the screening of Silenced, a new documentary that tells the stories of three whistleblowers who exposed torture, mass surveillance and government waste. Directed by Jamies Spione, funded partly by a $40,000-Kickstarter fundraising campaign, and executive-produced by Susan Sarandon, it’s a powerful film that shows how these insiders in the U.S. national-security establishment were intimidated and penalized for exposing the abuse of government power.

Their stories are not new. What Spione brought to the screen was the humanity of the whistleblowers and the patriotic idealism that compelled them to work in government agencies like the NSA and the CIA and then to speak out against the excesses they saw there. If anything, Silenced dramatizes how the landscape of government secrecy has changed dramatically since 9/11 and the war on terror. It makes the argument that whistleblowers play an essential role: Leaks are a necessary prophylactic, especially when they reveal the abuse of public authority and the harm done to the rights of citizens.

IMAGE from silencedfilm.com

IMAGE from silencedfilm.com

Investigative journalism is all about uncovering secrets, but no journalist will dispute that governments have the right to keep things under wraps. Secrecy, however, is also prone to abuse. Not all secrecy is justified, and it can be argued that whistleblowers and leakers deserve protection if they disclose important, if secret, information that is in the public interest.

These questions have come to the fore as technology has made leaking easier — the estimated 1.7 million documents that NSA contractor Edward Snowden supposedly has in some hard drives is a good example. At the same time, more advanced tools of email and phone surveillance have enhanced the ability of governments to track the sources of leaks.

Until this month, I thought that the U.S. government’s aggressive pursuit of media leaks was confined to state secrets and national security. But as it turns out, it’s not just the CIA, the National Security Agency, or the Justice Department that has gone after unauthorized information disclosures.

One of my former students, Reuters reporter Sarah N. Lynch, was recently the subject of a six-month probe by the Securities and Exchange Commission. In September last year, she wrote two stories revealing what took place in an executive session of the SEC, when the commissioners were deciding on the agency’s settlement with JP Morgan over the “London Whale” trading charges. The sources of the stories were unnamed, and at the behest of the SEC chair, Mary Jo White, the SEC’s Office of the Inspector General launched an inquiry into what it says were unauthorized disclosures of information. Investigators checked the email and phone records of 39 employees, interviewed 53 staff members, including all five commissioners, and examined building access logs scanning for reporters’ names.

In an article published by the Columbia Journalism Review this week, I wrote about the probe and similar ones that the SEC has undertaken since the 2008 financial crisis. From semi-annual reports that the OIG has submitted to Congress, I found that in the course of eight investigations of media leaks in the past six years, the SEC had examined some one million emails sent by nearly 300 members of its staff, interviewed some 100 of its own employees and trolled the phone records of scores more. ( A table with details of those investigations is here.)

SHEILA CORONEL is the founding executive director of the Philippine Center for Investigative Journalism, which she co-founded. She is dean of academic affairs at the Columbia Journalism School, where she founded the Stabile Center for Investigative Journalism.

SHEILA CORONEL is the founding executive director of the Philippine Center for Investigative Journalism, which she co-founded. She is dean of academic affairs at the Columbia Journalism School, where she founded the Stabile Center for Investigative Journalism.

It’s difficult to figure out what was at stake in what the SEC says were unauthorized disclosures. Certainly not state security. Nor was it the leak of trade secrets or the untimely release of tradable information because the SEC itself has provided nonpublic information to the press in what appears to be an effort to show it was aggressively pursuing wrongdoers in the corporate and financial realms. This double standard – going after “inconvenient” leaks while tolerating or even encouraging beneficial ones – holds particularly true for the national security arena as well.

More perturbing, however, is that it’s often the whistleblowers who are punished, not those whose crimes they exposed. As national-security whistleblower Jesselyn Radack pointed out in yesterday’s panel, only one person has been convicted of torture in the U.S. post-9/11: John Kiriakou, a former CIA analyst who was the first to confirm the use of waterboarding on suspected Al- Qaeda members. Kiriakou went to prison last year for passing classified information to the media.

The SEC, however, operates in what ought to be a far less secretive realm than national security. Its thorough probing of media leaks is disturbing because now, more than ever, financial reporters need wider latitude to report on corporate excess and the government’s efforts to rein it in.

As I said in the piece:

The zealousness of these probes is worrisome. Leak investigations send a chilling message to both journalists and their sources. They can also impede legitimate newsgathering and curtail reporting that seeks to hold government to account.

The SEC is a powerful agency with a big mandate that dates back to the stock market crash of 1929: To protect investors and maintain fair and functioning markets. That role has become even more important since the 2008 financial crisis.

The SEC is the enforcer of the law for the financial sector. Its success or failure in regulating companies and reining in the excesses of financial institutions are matters that concern not just the U.S. public but, given the global contagion that followed the collapse of Lehman Brothers in 2008, also the world.

More, not less, media scrutiny of the SEC would do us all some good… The leaks provide public insight into how the SEC works, even if they do disclose information that may inconvenience the agency.

Last fall, the Committee to Protect Journalists (CPJ) issued a report authored by former Washington Post executive editor Leonard Downie, Jr. that looked into how the Obama Administration’s aggressive prosecution of leaked information was restraining reporting. “In the Obama administration’s Washington, government officials are increasingly afraid to talk to the press,” the CPJ report said. “Those suspected of discussing with reporters anything that the government has classified as secret are subject to investigation, including lie-detector tests and scrutiny of their telephone and e-mail records.”

Next month, the Committee to Protect Journalists is launching a Right to Report campaign asking the administration to prohibit “the hacking and surveillance of journalists and media organizations and to limit aggressive prosecutions that ensnare journalists and intimidate whistleblowers.”

It’s a good name to call a campaign because what’s at stake in these leak investigations is precisely that: The right to report.

(Disclosure: I am on the board of the Committee to Protect Journalists)

Leaks, Whistleblowers, and the Media’s Right to Report

By Sheila S. Coronel

[Reprinted article from Sheila S. Coronel's blogpage WatchDog Watcher]

THIS WEEK, I moderated a discussion that followed the screening of Silenced, a new documentary that tells the stories of three whistleblowers who exposed torture, mass surveillance and government waste. Directed by Jamies Spione, funded partly by a $40,000-Kickstarter fundraising campaign, and executive-produced by Susan Sarandon, it’s a powerful film that shows how these insiders in the U.S. national-security establishment were intimidated and penalized for exposing the abuse of government power.

Their stories are not new. What Spione brought to the screen was the humanity of the whistleblowers and the patriotic idealism that compelled them to work in government agencies like the NSA and the CIA and then to speak out against the excesses they saw there. If anything, Silenced dramatizes how the landscape of government secrecy has changed dramatically since 9/11 and the war on terror. It makes the argument that whistleblowers play an essential role: Leaks are a necessary prophylactic, especially when they reveal the abuse of public authority and the harm done to the rights of citizens.

IMAGE from silencedfilm.com

IMAGE from silencedfilm.com

Investigative journalism is all about uncovering secrets, but no journalist will dispute that governments have the right to keep things under wraps. Secrecy, however, is also prone to abuse. Not all secrecy is justified, and it can be argued that whistleblowers and leakers deserve protection if they disclose important, if secret, information that is in the public interest.

These questions have come to the fore as technology has made leaking easier — the estimated 1.7 million documents that NSA contractor Edward Snowden supposedly has in some hard drives is a good example. At the same time, more advanced tools of email and phone surveillance have enhanced the ability of governments to track the sources of leaks.

Until this month, I thought that the U.S. government’s aggressive pursuit of media leaks was confined to state secrets and national security. But as it turns out, it’s not just the CIA, the National Security Agency, or the Justice Department that has gone after unauthorized information disclosures.

One of my former students, Reuters reporter Sarah N. Lynch, was recently the subject of a six-month probe by the Securities and Exchange Commission. In September last year, she wrote two stories revealing what took place in an executive session of the SEC, when the commissioners were deciding on the agency’s settlement with JP Morgan over the “London Whale” trading charges. The sources of the stories were unnamed, and at the behest of the SEC chair, Mary Jo White, the SEC’s Office of the Inspector General launched an inquiry into what it says were unauthorized disclosures of information. Investigators checked the email and phone records of 39 employees, interviewed 53 staff members, including all five commissioners, and examined building access logs scanning for reporters’ names.

In an article published by the Columbia Journalism Review this week, I wrote about the probe and similar ones that the SEC has undertaken since the 2008 financial crisis. From semi-annual reports that the OIG has submitted to Congress, I found that in the course of eight investigations of media leaks in the past six years, the SEC had examined some one million emails sent by nearly 300 members of its staff, interviewed some 100 of its own employees and trolled the phone records of scores more. ( A table with details of those investigations is here.)

SHEILA CORONEL is the founding executive director of the Philippine Center for Investigative Journalism, which she co-founded. She is dean of academic affairs at the Columbia Journalism School, where she founded the Stabile Center for Investigative Journalism.

SHEILA CORONEL is the founding executive director of the Philippine Center for Investigative Journalism, which she co-founded. She is dean of academic affairs at the Columbia Journalism School, where she founded the Stabile Center for Investigative Journalism.

It’s difficult to figure out what was at stake in what the SEC says were unauthorized disclosures. Certainly not state security. Nor was it the leak of trade secrets or the untimely release of tradable information because the SEC itself has provided nonpublic information to the press in what appears to be an effort to show it was aggressively pursuing wrongdoers in the corporate and financial realms. This double standard – going after “inconvenient” leaks while tolerating or even encouraging beneficial ones – holds particularly true for the national security arena as well.

More perturbing, however, is that it’s often the whistleblowers who are punished, not those whose crimes they exposed. As national-security whistleblower Jesselyn Radack pointed out in yesterday’s panel, only one person has been convicted of torture in the U.S. post-9/11: John Kiriakou, a former CIA analyst who was the first to confirm the use of waterboarding on suspected Al- Qaeda members. Kiriakou went to prison last year for passing classified information to the media.

The SEC, however, operates in what ought to be a far less secretive realm than national security. Its thorough probing of media leaks is disturbing because now, more than ever, financial reporters need wider latitude to report on corporate excess and the government’s efforts to rein it in.

As I said in the piece:

The zealousness of these probes is worrisome. Leak investigations send a chilling message to both journalists and their sources. They can also impede legitimate newsgathering and curtail reporting that seeks to hold government to account.

The SEC is a powerful agency with a big mandate that dates back to the stock market crash of 1929: To protect investors and maintain fair and functioning markets. That role has become even more important since the 2008 financial crisis.

The SEC is the enforcer of the law for the financial sector. Its success or failure in regulating companies and reining in the excesses of financial institutions are matters that concern not just the U.S. public but, given the global contagion that followed the collapse of Lehman Brothers in 2008, also the world.

More, not less, media scrutiny of the SEC would do us all some good… The leaks provide public insight into how the SEC works, even if they do disclose information that may inconvenience the agency.

Last fall, the Committee to Protect Journalists (CPJ) issued a report authored by former Washington Post executive editor Leonard Downie, Jr. that looked into how the Obama Administration’s aggressive prosecution of leaked information was restraining reporting. “In the Obama administration’s Washington, government officials are increasingly afraid to talk to the press,” the CPJ report said. “Those suspected of discussing with reporters anything that the government has classified as secret are subject to investigation, including lie-detector tests and scrutiny of their telephone and e-mail records.”

Next month, the Committee to Protect Journalists is launching a Right to Report campaign asking the administration to prohibit “the hacking and surveillance of journalists and media organizations and to limit aggressive prosecutions that ensnare journalists and intimidate whistleblowers.”

It’s a good name to call a campaign because what’s at stake in these leak investigations is precisely that: The right to report.

(Disclosure: I am on the board of the Committee to Protect Journalists)

Leaks, Whistleblowers, and the Media’s Right to Report

By Sheila S. Coronel

[Reprinted article from Sheila S. Coronel's blogpage WatchDog Watcher]

THIS WEEK, I moderated a discussion that followed the screening of Silenced, a new documentary that tells the stories of three whistleblowers who exposed torture, mass surveillance and government waste. Directed by Jamies Spione, funded partly by a $40,000-Kickstarter fundraising campaign, and executive-produced by Susan Sarandon, it’s a powerful film that shows how these insiders in the U.S. national-security establishment were intimidated and penalized for exposing the abuse of government power.

Their stories are not new. What Spione brought to the screen was the humanity of the whistleblowers and the patriotic idealism that compelled them to work in government agencies like the NSA and the CIA and then to speak out against the excesses they saw there. If anything, Silenced dramatizes how the landscape of government secrecy has changed dramatically since 9/11 and the war on terror. It makes the argument that whistleblowers play an essential role: Leaks are a necessary prophylactic, especially when they reveal the abuse of public authority and the harm done to the rights of citizens.

IMAGE from silencedfilm.com

IMAGE from silencedfilm.com

Investigative journalism is all about uncovering secrets, but no journalist will dispute that governments have the right to keep things under wraps. Secrecy, however, is also prone to abuse. Not all secrecy is justified, and it can be argued that whistleblowers and leakers deserve protection if they disclose important, if secret, information that is in the public interest.

These questions have come to the fore as technology has made leaking easier — the estimated 1.7 million documents that NSA contractor Edward Snowden supposedly has in some hard drives is a good example. At the same time, more advanced tools of email and phone surveillance have enhanced the ability of governments to track the sources of leaks.

Until this month, I thought that the U.S. government’s aggressive pursuit of media leaks was confined to state secrets and national security. But as it turns out, it’s not just the CIA, the National Security Agency, or the Justice Department that has gone after unauthorized information disclosures.

One of my former students, Reuters reporter Sarah N. Lynch, was recently the subject of a six-month probe by the Securities and Exchange Commission. In September last year, she wrote two stories revealing what took place in an executive session of the SEC, when the commissioners were deciding on the agency’s settlement with JP Morgan over the “London Whale” trading charges. The sources of the stories were unnamed, and at the behest of the SEC chair, Mary Jo White, the SEC’s Office of the Inspector General launched an inquiry into what it says were unauthorized disclosures of information. Investigators checked the email and phone records of 39 employees, interviewed 53 staff members, including all five commissioners, and examined building access logs scanning for reporters’ names.

In an article published by the Columbia Journalism Review this week, I wrote about the probe and similar ones that the SEC has undertaken since the 2008 financial crisis. From semi-annual reports that the OIG has submitted to Congress, I found that in the course of eight investigations of media leaks in the past six years, the SEC had examined some one million emails sent by nearly 300 members of its staff, interviewed some 100 of its own employees and trolled the phone records of scores more. ( A table with details of those investigations is here.)

SHEILA CORONEL is the founding executive director of the Philippine Center for Investigative Journalism, which she co-founded. She is dean of academic affairs at the Columbia Journalism School, where she founded the Stabile Center for Investigative Journalism.

SHEILA CORONEL is the founding executive director of the Philippine Center for Investigative Journalism, which she co-founded. She is dean of academic affairs at the Columbia Journalism School, where she founded the Stabile Center for Investigative Journalism.

It’s difficult to figure out what was at stake in what the SEC says were unauthorized disclosures. Certainly not state security. Nor was it the leak of trade secrets or the untimely release of tradable information because the SEC itself has provided nonpublic information to the press in what appears to be an effort to show it was aggressively pursuing wrongdoers in the corporate and financial realms. This double standard – going after “inconvenient” leaks while tolerating or even encouraging beneficial ones – holds particularly true for the national security arena as well.

More perturbing, however, is that it’s often the whistleblowers who are punished, not those whose crimes they exposed. As national-security whistleblower Jesselyn Radack pointed out in yesterday’s panel, only one person has been convicted of torture in the U.S. post-9/11: John Kiriakou, a former CIA analyst who was the first to confirm the use of waterboarding on suspected Al- Qaeda members. Kiriakou went to prison last year for passing classified information to the media.

The SEC, however, operates in what ought to be a far less secretive realm than national security. Its thorough probing of media leaks is disturbing because now, more than ever, financial reporters need wider latitude to report on corporate excess and the government’s efforts to rein it in.

As I said in the piece:

The zealousness of these probes is worrisome. Leak investigations send a chilling message to both journalists and their sources. They can also impede legitimate newsgathering and curtail reporting that seeks to hold government to account.

The SEC is a powerful agency with a big mandate that dates back to the stock market crash of 1929: To protect investors and maintain fair and functioning markets. That role has become even more important since the 2008 financial crisis.

The SEC is the enforcer of the law for the financial sector. Its success or failure in regulating companies and reining in the excesses of financial institutions are matters that concern not just the U.S. public but, given the global contagion that followed the collapse of Lehman Brothers in 2008, also the world.

More, not less, media scrutiny of the SEC would do us all some good… The leaks provide public insight into how the SEC works, even if they do disclose information that may inconvenience the agency.

Last fall, the Committee to Protect Journalists (CPJ) issued a report authored by former Washington Post executive editor Leonard Downie, Jr. that looked into how the Obama Administration’s aggressive prosecution of leaked information was restraining reporting. “In the Obama administration’s Washington, government officials are increasingly afraid to talk to the press,” the CPJ report said. “Those suspected of discussing with reporters anything that the government has classified as secret are subject to investigation, including lie-detector tests and scrutiny of their telephone and e-mail records.”

Next month, the Committee to Protect Journalists is launching a Right to Report campaign asking the administration to prohibit “the hacking and surveillance of journalists and media organizations and to limit aggressive prosecutions that ensnare journalists and intimidate whistleblowers.”

It’s a good name to call a campaign because what’s at stake in these leak investigations is precisely that: The right to report.

(Disclosure: I am on the board of the Committee to Protect Journalists)