After you and your legal team have filed a whistleblower complaint with the SEC, it may feel anticlimactic. When the SEC receives your tip, the agency reviews it along with thousands of other complaints. Then the SEC decides whether or not to allocate resources for a complete investigation. The investigation and subsequent court or administrative proceedings can additionally take a considerable amount of time. The ordeal is a tedious but significant process, leaving you to ask, “what now?”
Even though you’ve done the right thing, you might carry the guilt of how the complaint affected colleagues or entire companies. You could still be learning how to cope with the broken loyalties. Still yet, you may worry scorned colleagues or industry giants hold harmful resentments. These emotions can take a toll, but it’s important to remember that you’ve done a good deed and our financial institutions and public markets are stronger for it.
Remaining Anonymous After A Successful Whistleblower Complaint
A whistleblower should remain anonymous after the SEC wraps up a successful action. Even though you will, and should, feel validated by the administration of justice, you need to remember that not only may there be long-lingering resentments against you, but future employers may not be keen on hiring someone they perceive as a potential “informant.”
Your best course of action is to quietly apply for your deserved reward with the guidance of competent SEC whistleblower counsel. Representation is required for anonymous whistleblowers, and it additionally ensures you apply for your reward within the appropriate time frame and new guidelines. Notably, if the SEC considers your application for reward frivolous, you risk being barred from rewards under the 2020 rules.
SEC Whistleblower Attorneys Help Every Step of the Way
Attorneys of the Silver Law Group and the Law Firm of David R. Chase have the years of experience needed to guide whistleblowers through each step of the SEC whistleblower complaint process. Scott L. Silver, who has vast Wall Street experience, and David R. Chase, who is as dedicated in private practice as he was in his Senior Counsel position within the Enforcement Division of the SEC, relentlessly advocate for the success and well-being of their SEC whistleblower clients. Our attorneys assist SEC whistleblowers, victims of securities and investment fraud, Ponzi scheme victims, and claimants in securities arbitration. To learn more, contact our team online here or call (800) 975-4345 for a free and confidential consultation.