You qualify as a whistleblower for the SEC if you provide the Securities and Exchange Commission (SEC) with original information regarding a potential violation of securities law that has occurred, is ongoing, or is going to occur in the near future.
Determining whether or not you qualify as an SEC whistleblower can be confusing. Fortunately, a knowledgeable SEC whistleblower lawyer can help. An experienced attorney can assess your unique situation, figure out if you qualify as a whistleblower, and help you file a report correctly.
Do I Qualify as a Whistleblower for the SEC?
If you have information regarding a potential violation of securities law, you may qualify as a whistleblower for the SEC. In addition to having such information, you must also be an individual, as companies and other entities are not eligible to be whistleblowers.
To qualify as a whistleblower, you must also provide the SEC with information on a potential violation in accordance with 17 CFR § 240.21F-9. This rule requires that you submit information in one of the following ways:
- Submit information using the SEC’s online tip, complaint, or referral (TCR) portal
- Mail or fax a TCR form to the SEC Office of the Whistleblower
- Any other method listed on the commission’s website
Determining if you qualify as a whistleblower and submitting information regarding a potential violation can be challenging, especially if you aren’t familiar with the guidelines set forth by the commission. Luckily, a knowledgeable legal representative can offer the advice and guidance you need to submit your tip.
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Qualifying for an SEC Whistleblower Award
As you likely know, SEC whistleblowers who provide information that leads to an enforcement action are eligible to receive a monetary award. If you are interested in receiving an award for your information, you’ll want to learn more about how to qualify for one.
According to SEC rules, you must provide information that leads to an enforcement action and monetary sanctions exceeding $1 million to receive an award. You must also submit a claim for your financial award within 90 days of the day that the SEC posts a notice of covered action on its website.
In addition, you must also declare under penalty of perjury that the information you submit to the SEC is true. An attorney can provide more information on this requirement and assist you in the submission process.
Reporting a Securities Law Violation Anonymously
Reporting a securities law violation that occurred at your place of work could result in retaliation or other negative outcomes. To avoid these issues, it’s recommended that you submit your tip anonymously.
To qualify as an anonymous whistleblower for the SEC, your lawyer must submit the tip on your behalf. Your attorney must take the following steps when submitting your information:
- Verify your identity
- Review your TCR form for completeness, accuracy, and truthfulness
- Obtain your consent to provide the SEC with your original TCR form in the event that the commission finds that you knowingly submitted a false tip
These are just a few of the steps your attorney must follow for you to qualify as an SEC whistleblower. Reach out to a lawyer today to learn more about how a representative can guide you through the whistleblowing process.
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Securities Violations a Lawyer Can Help You Report to the SEC
Reporting a violation to the SEC can be a complicated and confusing process. The good news is that an experienced attorney can assist you in submitting a tip and ensure your identity is protected throughout the process.
Reach out to an attorney today to get help reporting one of the following violations:
- Pump and dump schemes
- Ponzi schemes
- Fraudulent financial statements
- Insider trading
- Market manipulation
- Manipulating stock prices
- Broker embezzlement
- And more
If you have information regarding one of the above-listed violations or another violation of securities law, don’t hesitate to reach out to an SEC whistleblower lawyer. An attorney can determine if you qualify as a whistleblower and help you submit your original information to the SEC.
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Meet With an SEC Whistleblower Lawyer for Free
Reporting a violation to the SEC can be complicated, especially if you’re worried about your employer discovering that you submitted a tip. Luckily, Meyer Wilson can help you submit information anonymously and correctly. We have over 75 years of combined experience, so you can have peace of mind when working with us.
Contact our firm today to schedule a free consultation with an SEC whistleblower lawyer and learn more about how we can help you notify the SEC about a violation. We’ll meet with you to discuss the violation you observed and provide more information on how you qualify as a whistleblower for the SEC. We look forward to hearing from you soon.
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