 introduction to the sec whistleblower program Let a SEC whistleblower attorney guide you through the SEC whistleblower process and ensure your rights are portected Congress established the SEC Whistleblower Program with the aim of offering financial rewards to individuals who expose potential breaches of federal securities laws to the SEC. This program grants eligible SEC whistleblowers a percentage-based award, ranging from 10% to 30% of the monetary penalties obtained from SEC enforcement actions and relevant actions conducted by other regulatory and law enforcement agencies. Read on for six frequently asked questions from investors and consumers about the SEC Whistleblower Program. Who is a SEC whistleblower?A "whistleblower" is an individual who willingly provides the SEC with original written information regarding a potential violation of federal securities laws. This violation may have already occurred, be ongoing, or be imminent. In order to be eligible for a SEC whistleblower award, the provided information must ultimately result in a successful SEC enforcement action that leads to monetary sanctions exceeding $1 million. Will the SEC keep my identity confidential?Whether you desire to remain anonymous or not, the SEC is fully committed to safeguarding your identity. As an illustration, the SEC will not disclose your personal information in response to any requests made under the Freedom of Information Act. However, there are certain limitations to on their ability to protect your identity, and there may be circumstances where they are obligated to disclose it to external individuals or entities. For instance, in the context of an administrative or legal proceeding, they might be required to produce documents or information that could potentially reveal your identity as a SEC whistleblower. Moreover, as part of their ongoing investigative responsibilities, they may utilize the information you have provided during their inquiry. In certain appropriate situations, they may also share information with other governmental or regulatory bodies, while adhering to confidentiality requirements. What does it mean to "voluntarily" provide information?You are under no obligation to provide your information unless specifically requested by the Commission, another regulatory or law enforcement agency, or any authority of the federal government. If you choose to provide your information voluntarily before receiving a request, inquiry, or demand related to the same subject matter, it will be considered as "voluntary" disclosure. This includes providing information to the news media, although this alone does not qualify as voluntary under the rules. What is "original information"?"Original information" refers to information that is obtained from your own knowledge, such as facts that are not publicly available, or from independent analysis that uncovers undisclosed information. This information should not already be known by the SEC. Certain types of information are not considered "original information," including privileged attorney-client communications or information acquired through your position within a company, where you learned it from someone else or through internal reporting systems of the entity. How might my information "lead to" a successful enforcement action?If the information you provide leads to the initiation of a new investigation, reopening of a previously closed investigation, or the pursuit of a new line of inquiry in an ongoing investigation, and if the SEC successfully take enforcement action based on the conduct you reported, then your information meets the "led to" criterion. You may also be eligible if your information is related to an ongoing examination or investigation and significantly contributes to the success of the SEC's enforcement action. Additionally, if you first report your information internally to the company and the company subsequently reports it to us, or if the company reports the results of an internal investigation prompted by your information, you may still be eligible as long as you also report directly to us within 120 days. what does a "reasonable belief" mean? If you are thinking of blowing the whistle, contact SEC whistleblower attorney Timothy L. Miles today The SEC whistleblower must possess a reasonable belief that the information they provide relates to a potential violation of federal securities laws or regulations. This belief must be grounded in factual evidence and not merely speculative or based on conjecture. IF YOU HAVE VIOLATIONS OF THE FEDERAL SECURITES LAWS AND ARE THINKING OF BLOWING THE WHISTLE, CONTACT SEC WHISTLEBLOWER ATTORNEY TIMOTHY L. MILES TODAYIf you have knowledge of federal securities violations, contact SEC Whistleblower attorney Timothy L. Miles who can guide you through the SEC whistleblower process and explain your whistleblower protections. The consultation is free and confidential. Just complete the contact us form or call us at (855) 846–6529 or via email to [email protected]. Ask a SEC whistleblower attorney, you could be entitled to a significant SEC whistleblower award. Contact us today and see what a SEC whistleblower attorney, can do for you. SEC WHISTLEBLOWER ATTORNEY TIMOTHY L. MILES, ESQ. The Law Offices of Timothy L. Miles Tapestry at Brentwood Town Center 300 Centerview Dr., #247 Brentwood, TN 37027 Phone: (855) 846–6529 Email: [email protected] SEC WHISTLEBLOWER ATTORNEY TIMOTHY L. MILES Nashville attorney Timothy L. Miles is a nationally recognized shareholder rights attorney raised in Nashville, Tennessee. Mr. Miles has dedicated his career to representing shareholders, employees, and consumers in complex class-action litigation. Whether serving as lead, co-lead, or liaison counsel, Mr. Miles has helped recover hundreds of millions of dollars for defrauded investors, shaped precedent-setting decisions, and delivered real corporate governance reforms. Judges and peers have repeatedly recognized Mr. Miles’ relentless advocacy for the underdog, as well as his unbendable ethical standards. Mr. Miles was recently selected by Martindale-Hubbell® and ALM as a 2022 Top Ranked Lawyer, 2022 Top Rated Litigator. and a 2022 Elite Lawyer of the South. Mr. Miles also maintains the AV Preeminent Rating by Martindale-Hubbell®, their highest rating for both legal ability and ethics. Mr. Miles is a member of the prestigious Top 100 Civil Plaintiff Trial Lawyers: The National Trial Lawyers Association,Class Action: Class Action: Top National Trial Lawyers, National Trial Lawyers Association (2023), a superb rated attorney by Avvo, a recipient of the Lifetime Achievement Award by Premier Lawyers of America (2019) and recognized as a Distinguished Lawyer, Recognizing Excellence in Securities Law, by Lawyers of Distinction (2019); a Top Rated Litigator by Martindale-Hubbell® and ALM (2019-2022); America’s Most Honored Lawyers 2020 – Top 1% by America’s Most Honored (2020-2022). Mr. Miles has published over sixty articles on various issues of the law, including class actions, whistleblower cases, products liability, civil procedure, derivative actions, corporate takeover litigation, corporate formation, mass torts, dangerous drugs, and more. Please visit our website or call for free anytime. Comments are closed.
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