Securities and Exchange Commission Rewards Whistleblowers
Any Securities Fraud Can Be The Basis of a Whistleblower Case
Reporting Domestic And Offshore Securities Fraud<h3>
In April 2020 alone, the U.S. Securities and Exchange Commission (SEC) awarded $34 million to whistleblowers who blew the whistle on securities fraud here in the United States and offshore. Whistleblowers may be eligible for an award whenever they voluntarily provide the SEC with original, timely, and credible information that leads to a successful enforcement action. See Securities Exchange Act of 1934 (“Exchange Act”) Rule 21F4(d), 17 C.F.R. § 240.21F-4(d)(2). 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.
In announcing the awards made this month, Jane Norberg, Chief of the SEC’s Office of the Whistleblower stated, “These awards demonstrate the valuable contributions whistleblowers make to the protection of markets and investors and we encourage people to come forward with information about possible securities law violations.” Whistleblower tips to the SEC most often come from insiders like employees or former employees or aggrieved investors; your information may involve more than just securities law violations and our attorneys will cover all whistleblower applications or complaints that apply to your information. Offshore securities violations in particular may also violate tax laws and offshore bank reporting laws.
Federal law protects whistleblowers from employer retaliation for blowing the whistle on securities fraud under the Exchange Act, the Securities Act of 1933, 15 U.S.C. §§ 77a et seq, Rule 10b-5, or any other federal securities law. See 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.
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. 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=”mailto:firstname.lastname@example.org”>email@example.com</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.