Get Paid to Expose Fraud: : A Simple Guide to SEC Whistleblower Payouts
The post Get Paid to Expose Fraud: : A Simple Guide to SEC Whistleblower Payouts appeared on BitcoinEthereumNews.com.
The U.S. Securities and Exchange Commission (SEC) Whistleblower Program, created under the Dodd-Frank Act in 2010, offers you the chance to earn substantial financial rewards by reporting securities law violations. Beyond just doing the right thing, you could be looking at life-changing payouts, all while being protected from retaliation. This guide will walk you through the process of becoming an SEC whistleblower, the kind of information required, and the potential financial benefits. Who Can Be a Whistleblower? You don’t need to be an insider to blow the whistle on fraudulent activities. While employees, suppliers, and others closely related to a company are more likely to have access to actionable information, the SEC does not restrict who can report violations. You also do not need to be a US citizen. In fact, much of the fraud exposed by whistleblowers relates to global activity, with corporate bribery of officials by multi-national organisations being relatively commonplace. As long as you have credible, original information about securities law violations, you can be a whistleblower. This means that investors, analysts, and even concerned citizens can potentially play a role in exposing fraud – and get paid to do so. What Kind of Information Do Whistleblowers Provide? To qualify as a whistleblower, the information you provide must meet specific criteria: Original Information: It must be derived from your independent knowledge or analysis and not already known to the SEC. Securities Law Violation: The information must relate to a violation of federal securities laws. Significant Contribution: The information should lead to a successful enforcement action where the SEC collects monetary sanctions exceeding $1 million. While this may sound like a lot, in reality, it’s happening every day – and to household names as well. As this article on Brave New Coin reveals, big names like Morgan Stanley, Wells…
Filed under: News - @ August 25, 2024 2:59 am