The SEC Whistleblower Program: Common Questions To Ask

By Bob Oliver


If you want to talk about relevant programs to help certain groups of people, the SEC Whistleblower Program is definitely worth noting. Brought into effect in 2010 - the same year as the Dodd-Frank Wall Street Reform and Consumer Protection Act - the aforementioned program was made to help these individuals. Of course, there is much more to learn about than this, which can be picked up on by asking questions. As a matter of fact, these inquiries should prove to be rather useful.

"Are there specific locations for the SEC Whistleblower Program?" This program can be applied to a number of industries, not to mention various situations. For example, someone may have paid too much on their Medicare without being notified. Someone else may have become part of a Ponzi scheme without truly knowing it. These are just a few examples of situations which can be helped if the program in question is put into practice.

"Can you tell me of qualifications I should have?" As you can imagine, the SEC Whistleblower Program comes with its own set of qualifications. W.A.F., in addition to other companies, can tell you that the information you provide, regarding a case of fraud, has to be original. It must not have been submitted beforehand, as it will be a waste of time on your end. Provided you work alongside the proper authorities, you should be fine.

"What are the perks of the SEC Whistleblower Program?" If you want to talk about the perks that this program has, there are a few to make note of. When a case is finished, you - as the individual in this case - are eligible to receive anywhere from 15% to 30% of the monetary sanction. In addition, if you are fearful of losing your job due to this level of involvement, you shouldn't be. There are laws set in place to protect those who collect information related to fraud.

With these concepts set in place, it's easy to see why the SEC Whistleblower Program matters. You have to know that this has the potential to work with various industries, which speaks volumes about its importance. However, I believe that it's especially worthwhile because of how it's able to help and protect whistleblowers in the long term. Violations of the law should be brought to the surface and the fact that this program helps cannot be overstated.




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