The SEC whistleblower program was enacted by Congress to encourage people to contact the SEC with information about securities fraud. Whistleblowers who report securities fraud where the SEC imposes sanctions of a million dollars or more may receive a percentage of the money recovered.
A whistleblower can be anyone; they don’t need to be an employee of the company committing the violation.
While there are provisions in place as part of the SEC whistleblower program to report the fraud directly to the government, it is always best to speak with an experienced whistleblower attorney before reporting any alleged fraud to the government. While the SEC whistleblower program was designed to make it easy to report these frauds to the SEC. However, that does not mean that the process is still not complicated. For instance, if the whistleblower wants to make a submission anonymously – one of the best protections afforded by this whistleblower program, the whistleblower should be represented by a lawyer, who can make the report for the whistleblower. An experienced whistleblower lawyer will also advocate for the whistleblower through every step of the process and assure the whistleblower’s rights are protected too. Whistleblowing at times can be an isolating experience; but the whistleblower does not have to go it alone. The lawyers here at Keller Grover are here to help.
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