It is good to know that there is whistleblower protection. Whistleblowers are from all different walks of life, and they are individuals that decide to be honest and report any violations to the SEC. Whistleblowers are people that do receive protection, but they do not always know that. Whistleblowers may not understand their rights, and because of that they may be scared to tell the truth about what is going on in their company.
The SEC offers a whistleblower program that is available to those individuals that report violations at the job site. The rules of this program indicate that SEC is required to pay any whistleblower 10 to 30% of the sanctions that are collected once the results of the investigation are successful. Apart from that, whistleblowers may also be able to receive other awards based upon the sanctions placed on the company. This program is offered by the Dodd Frank act. This is a law that prohibits any retaliation by the company after a whistleblower has made a report.
It can be an overwhelming thought to have to be a whistleblower, and that is the reason why a lawyer is good to consult. Whistleblowers need a partner that is really strong and skilled, and they need to be able to work with the right firm. It is important for any individual that is desiring to be honest and report their company to find a representative that is credible and experienced. This is a lawyer that has a excellent track record and has been able to work with some very prominent institutions around the world. This is a law firm that has been able to recover billions of dollars for its clients, and they also have been able to successfully investigate and litigate even high profile matters.
A good SEC whistleblower advocate is an attorney that helps their client to make the decision to blow the whistle or not. They want to make sure that this decision is made without any personal or professional regrets. This is an advocate that focuses on determining whether the violation was a federal violation, understanding the goals of the client, examining what are the risks that are associated with reporting and SEC violations, and developing strategies that minimize the risk of retaliation and maximize the award for any individual that wishes to be a whistleblower. Becoming a whistleblower can be a difficult decision, but with the help of the right representation, it can be a good decision.