“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, the fact of the matter is that whistleblowing is often emotionally complicated.
While anyone with relevant information may alert the SEC to fraudulent investment activity, tips often come from corporate insiders with intimate knowledge of specific wrongdoing. These whistleblowers face the difficult task of weighing the moral obligation to report the wrongdoing with the consequences their colleagues, or even friends, may face if saddled with a federal investigation into their activities or risk losing their jobs. Whistleblowers frequently struggle with the guilt of betrayal, and wonder if they are doing more harm than good.
Ultimately, alerting the SEC to illegal financial activity promotes a more robust financial future for the nation at large, and it is the right thing to do. A significant way to overcome whistleblower guilt is through discussion of the issue with an experienced legal team to appreciate the benefits to the public.
An SEC whistleblower attorney will help ensure that the information you have is credible, reliable, and worth the emotional risk of providing a report to the SEC. An experienced SEC attorney will also help you:
- Maintain your own legal protections
- Protect your confidentiality
- Maximize the award you could be eligible for
Hiring the Right SEC Whistleblower Attorneys
At the Silver Law Group and the Law Firm of David R. Chase, our competent team knows the stakes are high and that you need sophisticated representation when you undertake the weighty obligation of reporting fraudulent activity to the SEC.
Lead attorney, Scott L. Silver, is an experienced whistleblower attorney who spent years in the financial services industry for a prominent firm on Wall Street before focusing his law practice on the plaintiff side of securities and investment fraud. Securities lawyer, David R. Chase, has extensive experience representing defrauded stock market investors and, before moving to private practice, was employed by the SEC’s Enforcement Division as Senior Counsel. To discuss your concerns with our competent team, contact us at (800) 975-4345, or online here, for a free and confidential consultation.