- Government Procurement Fraud
- Pharmaceutical Fraud
- Medicare and Medicaid Fraud
- Defense Contractor Fraud
- Education Fraud
- Banking and Mortgage Fraud
- Securities Fraud
- Tax Fraud
The Securities and Exchange Commission (SEC) Whistleblower Program was established at the direction of the recent financial overhaul law, known as the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. The SEC Whistleblower Program went into place in 2011, and provides for substantial awards for blowing the whistle and reporting securities fraud.
The SEC Whistleblower Program provides significant financial incentives and protections for whistleblowers who report violations of federal securities laws. Whistleblowers will receive a substantial and mandatory reward if the SEC recovers more than $1 million based on the information the whistleblower provided.
Types of Reportable Fraud Under the SEC Whistleblower Program
A whistleblower may report any violation of the federal securities laws that has occurred, is ongoing, or is about to occur. The following are the most commonly reported types of securities fraud:
- Corporate Disclosures and Financials: the filing of false or misleading statements with the SEC or manipulative business transactions or accounting practices;
- Offering Fraud: misrepresentations and/or omissions of material facts to potential investors in offerings of securities; Ponzi scheme investment fraud;
- Unregistered Offerings:the sale of unregistered securities;
- Market Manipulation: the deliberate attempt to interfere with the free and fair operation of the market, creating false or misleading appearances with respect to the price of a security, such as Churning, Wash Trades, and Pump and Dumps;
- Insider Trading: buying or selling a security, in breach of a fiduciary duty or other relationship of trust and confidence, while in possession of material, nonpublic information about the security; and
- Foreign Corrupt Practices Act (“FCPA”): the anti-bribery provisions of the FCPA make it unlawful for any U.S. person or company, and certain foreign issuers of securities, to bribe foreign officials for government contracts or other business. The SEC is responsible for civil enforcement of the FCPA over securities issuers and certain individuals acting on the issuer’s behalf.
Securities Fraud Attorneys
Robbins Geller Rudman & Dowd LLP is committed to fighting for our whistleblower clients in their courageous efforts to combat fraud. If you are aware of a violation of federal securities law that has occurred, is ongoing, or is about to occur, and are thinking of blowing the whistle, please contact Jonah H. Goldstein or James E. Barz..
Robbins Geller Rudman & Dowd LLP is one of the top, most experienced, and formidable securities law firms in the country. We can help you understand how to file a claim, what compensation you may be entitled to for your effort, and what protections you are afforded as a whistleblower, and answer any other questions you may have concerning the SEC Whistleblower Program.