How to Clinch the Whistleblower Awards

After the recent successful implementation of the Dodd-Frank Act, it is now possible for whistleblowers to reap in cash and multiple awards just for giving original and legit information about violations in the federal Department of SEC (Securities and Exchange Commission). A whistleblowers reform that is part of the main reforms demands that any whistleblowers who give original information relating to infringement in security laws one that would build a successful case should get up to 30% of the monetary sanctions that SEC receives from the case, and also, whistleblowers awards.

The whistleblower is also provided with employment security and adequate assurance against being threatened. The awards and the monetary rewards, however, aren’t that easy to get even if a case is built and ends successfully and it is for this reason that one is given a SEC whistleblower lawyer to ensure that they are served with justice. A SEC whistleblower attorney knows how to beat the system as most of them formed part of the team that formulated and implemented the Dodd-Frank Act. The lawyers give certain advice to whistleblowers to ensure that they get the most out of their efforts.

First, you have to be prepared to sacrifice a lot. Prospective whistleblowers should first be sure about wanting to blow the whistle before actually taking that road. The financial returns, which one is not totally assured of, may be worthwhile. But then many find themselves stripped of their social lives and totally avoided especially by the corporate world. This is considered as retaliation by SEC, which is wrong and is part of why SEC whistleblower attorneys have been put in place.

Secondly, the information one provides to SEC should be totally original. By this, it means that SEC should have never had such a case before. Anyone can provide information of fraud and other non-ethical related issues to SEC even if they are an employee or just a customer. If SEC finds that the information you provided is not totally original, a SEC whistleblower lawyer could help you justify that the information you provided helped in building a successful case in one way or another and this could help you get an award.

Finally, to maximize your chances of getting the full reward package, you may decide to dig further and investigate on your own and in the process, put your findings in print and hand it over to the concerned officials involved in the scandals. You should, however, be careful when doing this.

Leave a Reply

Your email address will not be published. Required fields are marked *