TELG Launches New SEC Whistleblower Information Center
Posted on December 19, 2014
The Employment Law Group® law firm today launched its new SEC Whistleblower Information Center, a resource for anyone who wants to know how to report securities fraud — and, perhaps, to collect a reward for doing so.
The new Web site is accessible at sec-whistleblowers.com. It includes a number of features to help users who want to tell the U.S. Securities and Exchange Commission (SEC) about possible wrongdoing:
- Reward Eligibility Quiz
- Details of rewards granted to previous whistleblowers
- An annotated version of the law that governs the SEC’s rewards program
- Related success stories from our firm
- Background on the SEC’s Office of the Whistleblower
- Easy-to-understand video summaries from our attorneys
As established by the Dodd-Frank Act in 2010, the SEC’s whistleblower program pays bounties of 10% to 30% to informants who provide significant help in cases that result in the collection of more than $1 million in fines for securities violations.
The Dodd-Frank law also makes it illegal for a company to retaliate against an employee who warns of securities fraud — and it provides remedies such as monetary damages and reinstatement for employees who have been fired unlawfully.
The Employment Law Group created its SEC Whistleblower Information Center to promote the SEC’s rewards program, which is gaining momentum as a force against fraud. TELG’s goal is to help the SEC connect more easily with people who have information about wrongdoing that harms investors, but who may not understand all their rights and options.
“Blowing the whistle has always been an act of courage,” said R. Scott Oswald, the firm’s managing principal. “The Dodd-Frank Act didn’t change that — but it did make whistleblowing considerably safer, and possibly more rewarding. We want to educate people about that, so that they feel confident doing the right thing.”