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Aug 18, 2020 by |

California and San Francisco SEC Whistleblower Attorneys: SEC Awards Whistleblower $700,000 Under Dodd-Frank Act


Securities and Exchange Commission Rewards Whistleblower Under Dodd-Frank

Whistleblower’s “Significant Information” Led To Recovery For Investors

Dodd-Frank Awards

Under the U.S. Securities and Exchange Commission’s (SEC) Whistleblower Program, securities fraud whistleblowers who report crimes that result in enforcement actions of $1 million or more can become eligible for whistleblower awards ranging from 10-30 per cent of the sanctions obtained. Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank”), 15 U.S.C. § 78u-6(b). Reportable fraud includes insider trading, inadequate or deceptive disclosures, licensing deficiencies, offshore banking fraud. registration violations, accounting fraud, fraudulent SEC filings, and more. See Securities Exchange Act of 1934 (“Exchange Act”) Rule 21F4(d), 17 C.F.R. § 240.21F-4(d)(2); Securities Act of 1933 (“Securities Act”), 15 U.S.C. §§ 77a et seq. If you have credible, original information of securities fraud in California call our San Francisco and California SEC whistleblower attorneys today at (415)441-8669 and we can help.

The SEC recently announced an award of $700,000 to an employee whistleblower whose “significant information” led ultimately to money being returned to harmed investors as a result of his employer’s alleged securities law violations.*  In announcing the award, Jane Norberg, Chief of the SEC’s Office of the Whistleblower stated, “Because of the whistleblower’s actions, the agency was able to identify the misconduct and conserve time and resources during the investigation,” says Jane Norberg, Chief of the SEC’s Office of the Whistleblower. “This whistleblower stepped forward and helped the agency to protect and compensate harmed investors.” According to allegations, the whistleblower had initially reported concerns to the company before contacting the SEC.

Retaliation Protections

Federal law protects whistleblowers from employer retaliation for blowing the whistle on securities fraud under Dodd-Frank, the Exchange Act, the Securities Act, or any other federal securities law. See 15 U.S.C. §§ 77a et seq, Rule 10b-5; 15 U.S.C. § 78u-6(h)(1); 17 CFR § 240.21F-2; Commission Rule 21F-17(a). If your employer retaliates against you in violation of the statute, you can bring an action in federal court seeking reinstatement, double back pay with interest, and attorneys’ fees and costs. 15 U.S.C. § 78u-6(h)(1)(B) and (C). Our litigators can represent you in your action for wrongful retaliation as well as in your underlying SEC whistleblower case.

Contact Us

Ingrid M. Evans and the other whistleblower attorneys at Evans Law Firm know how best to organize your information and documentation and will guide you through investigation, reporting, and discovery to trial or settlement. Our California whistleblower attorneys handle all types of whistleblower cases in addition to SEC cases under Dodd-Frank, the Exchange Act and the Securities Act. If you have information regarding a whistleblower/qui tam case in San Francisco or elsewhere in California involving allegations under the federal or California False Claims Acts, the Financial Institutions Reform, Recovery and Enforcement Act of 1989 (FIRREA), the Bank Secrecy Act, the Internal Revenue Service Whistleblower Office, the Commodity Futures Trading Commission Whistleblower Office, the FINRA Whistleblower Office or other government agency whistleblower programs, contact the California whistleblower attorneys at Evans Law Firm at (415) 441-8669, or by email at <a href=””></a>. Our attorneys also have experience with complex financial contracts and large insurance companies. We can help guide your case through filing a complaint, investigation and discovery through trial or an equitable settlement. We also handle cases involving physical and financial elder abuse, nursing home abuse, whole life insurance and universal life insurance, and indexed, variable, and fixed annuities.

*Evans Law Firm, Inc. was not involved in the case in any way.

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