SEC Whistleblower attorneys Scott Silver and David Chase were recently the featured guests on ‘Cut To The Chase’ podcast to discuss the SEC whistleblower program and their work representing whistleblowers. Cut To The Chase podcast is hosted by attorney and activist Gregg Goldfarb and focuses on legal news and public…
In three orders, the SEC announced the award of $10.4 million to several whistleblowers for information that led to three different enforcement actions. In the first order, two whistleblowers collected a total of $7.5 million. Both individuals offered important new information for an ongoing investigation regarding fraudulent activity in several…
The SEC has announced its latest whistleblower awards for two individuals in the same case. The first whistleblower received a bounty of more than $12.5 million after alerting the SEC to an ongoing fraudulent scheme. As a result, SEC staff initiated an investigation and the whistleblower offered continued support to…
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…
Let me be clear: Retaliation protections are a key component of the whistleblower program, and we will bring charges against companies or individuals who violate the anti-retaliation protections when appropriate. —Jay Clayton, Former Chairman, Securities and Exchange Commission It’s axiomatic that whistleblowing only works if people are willing to come…
Suppose you’re aware of violations of securities laws at your place of employment but you are concerned that an employment agreement may prevent you from becoming a whistleblower. In that case, it’s always best to consult with an attorney. The securities whistleblower attorneys at the Law Firm of David R.…
The Securities and Exchanges Commission (SEC) has been awarding millions of dollars to whistleblowers in recent years—and the Commission has been awarding larger bonuses, more frequently. In the first decade of the SEC whistleblowing program, it had awarded $942 million to whistleblowers—but more than a third of that—$380 million—was given…
While some whistleblowers experience guilt, others are struggling with anger. Frequently, those who submit a whistleblower complaint to the Securities and Exchange Commission (SEC) have been wronged. This wrongdoing may manifest financially, emotionally, or both. Importantly, the SEC does its part to incentivize whistleblowers by offering the opportunity to financially…
After you and your legal team have filed a whistleblower complaint with the SEC, it may feel anticlimactic. When the SEC receives your tip, the agency reviews it along with thousands of other complaints. Then the SEC decides whether or not to allocate resources for a complete investigation. The investigation…
“Whistleblowing” is a term used to describe the act of alerting the Securities and Exchange Commission (SEC), in writing, to a securities law violation. For many, whistleblowing is easier in theory than in practice. While most people want to do what is right, and prevent illegal actors from unfair compensation,…