A whistleblower whose original information led to an investigation by the U. S. Department of Justice (DOJ) has also received a bounty of $2M from the Securities and Exchange Commission (SEC).
Recent amendments to the whistleblower rules mean that DOJ actions, such as deferred and non-prosecution agreements, are now subject to whistleblower awards.
The whistleblower also offered original information to both the SEC and the DOJ, as well as “extensive, ongoing assistance to both investigations.” Both agencies opened their investigations based upon the whistleblower’s information and assistance.
The SEC’s Rule Amendments
On December 7, 2020, the SEC’s new amendments took effect regarding whistleblowers. These rules update the program requirements.
Individuals who have received a bounty in an SEC action should apply for a related action within 90 days of the new rule, or within 90 days of the last signature on the document. If you believe your information was also used in a DOJ related action, you’ll need to also apply to the SEC.
Note that The Office of the Whistleblower doesn’t post Notices of Covered Actions related to DOJ Non-Prosecution or Deferred Prosecution Agreements.
The entire text of updates is available on the SEC’s website as a PDF document.
Retaining Experienced SEC Whistleblower Attorneys
Whistleblowers help everyone by notifying authorities of conduct that harms the public, while also possibly earning financial compensation. Hiring experienced SEC counsel may greatly increase your chances of the SEC initiating an investigation based on your information. If you wish to remain anonymous, you must be represented by an attorney, who will submit the required documentation on your behalf.
Silver Law and the Law Firm of David R. Chase jointly have experienced SEC whistleblower lawyers, including a former SEC Enforcement attorney on the team, so you will always have guidance throughout the process. Our SEC whistleblower attorneys can help you if you have information regarding securities or investment fraud, Ponzi Schemes, false filings, market manipulation, or other misconduct. You must provide timely, credible, and original information or analysis in order to be eligible.
Contact us through our online form or at (800) 975-4345 for a no-cost, confidential consultation. Our attorneys work on a contingency fee basis. This means that it costs you nothing to hire us, and we collect our fees only when you receive an SEC bounty. Because we get paid when you do, we have a strong incentive to help you collect the maximum award available.