Gaining Financial Protection with Whistleblower Awards
It can be hard to find the resources you need to gain financial protection, especially if you are a victim of fraud. Whistleblower awards, however, can be a great way to gain a significant financial award in the form of a settlement. Not only do they provide financial stability, but they are a great way to prevent potential fraud in the future as well and can even help bolster the public's trust in our financial institutions.
What Are Whistleblower Awards?
Whistleblower awards are monetary rewards paid out to victims of fraud who report their claims to the appropriate agencies, such as the Securities & Exchange Commission (SEC). Under the Dodd–Frank Wall Street Reform and Consumer Protection Act of 2010, the SEC is authorized to pay rewards to whistleblowers who provide credible and original information to the agency that results in the successful enforcement or prosecution of a covered action. This law makes it possible for individuals to receive a substantial financial reward for their report.
Real-World Examples
Bank of America recently awarded a whistleblower $57 million for reporting fraud in the Bank of America’s short sale program. The company was accused of defrauding the government by failing to adhere to the rules of the program and cheating the government out of the proceeds from the sales. By reporting the fraud, the whistleblower was able to receive a significant amount of money. Similarly, in 2019, a whistleblower was rewarded over $9 million by the SEC after reporting fraud at a New York-based investment fund.
What Should I Do to Secure a Whistleblower Award?
If you suspect fraud in the financial industry, you should immediately report it to the proper authorities. The SEC, CFTC, and other similar agencies provide a means to report suspected fraud confidentially. Once you report it, you may be eligible to receive a whistleblower award if the government organization successfully prosecutes or enforces it. It’s important to remember that all confidential information you submit to the government must be submitted through an attorney, as the SEC Whistleblower Program does not accept information submitted through any other means.
FAQs:
What is a whistleblower award?
A whistleblower award is a financial reward paid out to victims of fraud who report their claims to the appropriate agencies, such as the Securities & Exchange Commission (SEC). The agency may take judicial action upon the filing of a whistleblower’s report and may reward them if the action is successful.
How do I begin the process of filing a whistleblower award?
If you suspect fraud in the financial industry, you should immediately report it to the proper authorities. The SEC, CFTC, and other similar agencies provide a means to report suspected fraud confidentially. Once you report it, you may be eligible to receive a whistleblower award if the government organization successfully prosecutes or enforces it. It’s important to remember that all confidential information you submit to the government must be submitted through an attorney, as the SEC Whistleblower Program does not accept information submitted through any other means.
If you are looking for Safeguard Properties - Property Inspectors BEWARE. Inspecting for you've visit to the right web. We have 5 Images about Safeguard Properties - Property Inspectors BEWARE. Inspecting for like Rental Properties: Time to Safeguard Your Deposit | Realty Emporium and also Rental Properties: Time to Safeguard Your Deposit | Realty Emporium. Read more:
Bank Of America’s ‘Hustle’ Whistleblower Retains $57 Million Reward
mortgagehorror.com Are you looking to level up your skills in the online business world? Search no more than our selection of premium courses from Clickbank! With knowledgeable instructors and state-of-the-art content, you'll enhance your business in a short time. So, why wait? Take action by clicking the button down below and begin your path towards reaching success today!
Safeguard Properties - Property Inspectors BEWARE. Inspecting For
www.glassdoor.com Are you looking to level up your skills in the online business world? Look no further than our selection of high-quality courses from Clickbank! Featuring knowledgeable instructors and cutting-edge material, you'll enhance your business in a short time. So, what are you waiting for? Take action by clicking the button down and start your path towards reaching success today!
Safeguard Properties' $1 Million Settlement Will Take Time To Disperse
www.chicagotribune.com Do you want to upgrade your online business skills? You've come to the right place than our selection of premium courses from Clickbank! Featuring knowledgeable instructors and cutting-edge material, you'll enhance your business quickly. So, why wait? Get started by clicking the button down and begin your journey towards reaching success today!
Rental Properties: Time To Safeguard Your Deposit | Realty Emporium
www.realtyemporium.co.za Are you looking to level up your skills in the online business world? You've come to the right place than our selection of premium courses from Clickbank! With expert educators and cutting-edge content, you'll boost your business quickly. So, what are you waiting for? Take action by clicking the button down and begin your journey towards attaining success today!
The Sophisticated Way To Safeguard Your Property
www.barrybros.com Are you looking to level up your skills in the online business world? Look no further than our collection of top-notch courses from Clickbank! With experienced educators and cutting-edge content, you'll enhance your business in a short time. So, why wait? Take action by clicking the button down and begin your road towards achieving success today!
