The SEC recently announced the award of over $28 million to seven individuals who submitted information to the Office of the Whistleblower that led to a successful enforcement action.
- The first whistleblower received $13 million
- Four whistleblowers received a joint award of $13 million
- Two whistleblowers received a joint award of $2 million
The first whistleblower provided the SEC with highly detailed information that saved staff time and resources and helped return millions of dollars to defrauded investors.
The second, third, fourth, and fifth whistleblowers also offered highly detailed information early in the investigation. They also participated in interviews, identified key witnesses, provided documentation, and other continuing assistance. Their assistance also led to the return of millions of dollars to defrauded investors in the case.
The fifth and sixth whistleblowers began aiding SEC staff after the investigation had already begun, but participated in interviews, offered documentation and continuing assistance throughout the investigation.
All seven whistleblowers voluntarily provided their information to the SEC after multiple attempts to report their concerns to company management. The first five whistleblowers “suffered hardships as a result” after these attempts to report concerns to the company.
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 through our online form or at (800) 975-4345 for a 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 if you receive an SEC bounty. Because we get paid when you do, we have the incentive to help you collect the maximum award available.