SEC Whistleblower Lawyer Blog
The SEC has awarded a whistleblower’s estate over $500,000 following the submission of information. The whistleblower reported concerns to a company on multiple occasions before the company finally conducted an internal investigation. This information prompted the company to contact the SEC, resulting in a covered action.
The whistleblower notified their immediate supervisor and the company’s Board of Directors. They also submitted their information to the SEC within 120 days of notifying the company and worked with SEC staff throughout the investigation. They voluntarily provided this original information to the SEC. Their continued assistance included additional relevant information and critical testimony that led to the success of the investigation and the covered action.
Because of this whistleblower’s considerable assistance, the SEC’s covered enforcement action included charges of:
- Fraudulent conduct
- Material misrepresentation and omissions to investors regarding their investments
- Breaches of fiduciary duties
- Misappropriation of investor funds by a manager
The ultimate award was a percentage of the administrative funds collected from the company as fines and other sanctions. Recovered investor funds are returned to the investors when possible and are not used to pay whistleblower awards.
Retaining Experienced SEC Whistleblower Attorneys
SEC whistleblowers help everyone by notifying the SEC of conduct that harms the investing public, while also earning financial compensation for themselves. Hiring experienced SEC counsel may greatly increase the probability that the SEC will initiate an investigation based on your information. If you wish to remain anonymous, you must be represented by an attorney, who will submit everything on your behalf.
Silver Law Group 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, violations of federal securities laws, false filings, market manipulation, or other misconduct. You must provide timely, credible, and original information or analysis to be eligible.
Contact us using our online form or at (800) 975-4345 for a consultation. Our attorneys work on a contingency fee basis. This arrangement means that it costs you nothing to hire us, and we collect our fees only if you receive an SEC bounty. Because we get paid when you do, we have an incentive to help you collect the maximum award available.