Mississippi SEC Whistleblower Attorneys

The Securities and Exchange Commission (SEC) exists to enforce various federal securities laws. Unfortunately, many individuals and businesses break these laws undetected. To help find wrongdoing they might be missing, the SEC has a whistleblower program. This whistleblower program offers a monetary reward in certain instances to encourage people to come forward with tips on possible financial crimes.

These rewards can range from 10% to 30% of the total amount of money the SEC can recover through an enforcement action. However, it is not just anyone who can send a tip to the SEC and expect a reward. Special eligibility requirements exist, and whistleblowers may have to spend time and effort cooperating with the SEC. Also, the SEC must collect at least $1 million from the tip before they’ll pay a reward under the whistleblowing program.

Because of these challenges, the Silver Law Group and the Law Firm of David R. Chase work together to assist prospective SEC whistleblowers from all over the country, including Mississippi. Our SEC whistleblower attorneys know the ins and outs of the process and can help you if you’re thinking about providing a tip to the SEC.

The SEC’s whistleblowing program has been around since 2011 and disbursed over $1 billion in reward money. Some of these rewards have reached nine figures. For instance, in 2023, there was a $279 million reward, and in 2020, there was a $114 million reward.

Recent changes should also make it easier for whistleblowers to receive a reward. Now, whistleblowers can receive rewards even if the money collected comes from a non-SEC enforcement action. It’s also easier for the SEC to increase the reward amount but not lower it.

The SEC requires information provided by whistleblowers from Gulfport, Jackson, Southhaven, and other parts of Mississippi to meet certain standards. In other words, they need useful information that can lead to (or assist in) an investigation, enforcement, and monetary collection. Generally speaking, the SEC wants information that meets the following three requirements:

• Significant: The SEC wants in-depth information. The more details the Mississippi SEC whistleblower can offer, the more likely the SEC will accept the information and provide a higher reward.
• Original: SEC whistleblowers aren’t required to report financial wrongdoing through their employer’s internal channels, but doing so can increase the monetary reward. Either way, the SEC wants first-hand information they don’t already have.
• Timely: In most cases, the SEC requires the information to arrive before they begin an investigation or enforcement action. The more recent the information, the better. Also, the tip must come voluntarily from the individual, not because of a court order.

If you’re thinking about providing a tip to the SEC but aren’t sure if it’ll meet the above requirements, get in touch with an SEC whistleblower attorney, such as one from the Silver Law Group and the Law Firm of David R. Chase.

If the tip relates to a securities law the SEC enforces, the SEC is probably interested in the tip. This can include a plethora of securities violations, such as:

• Broker-dealer misconduct
• Bribery
• Insider trading
• Ponzi schemes
• Accounting fraud
• Investment advisor fraud
• Hedge fund fraud
• Commodities and futures fraud
• Fraudulent security offerings
• Stock market manipulation
• EB-5 investment fraud

Tips relating to these and similar securities law violations can cause the whistleblower to experience retaliation from their employer. This is another reason why working with our SEC whistleblower attorneys is a good idea to help protect yourself if someone gets mad at you for blowing the whistle on them.

The Law Firm of David R. Chase and the Silver Law Group are ready to help you if you want to send a tip to the SEC. We have years of experience handling these types of cases. Our team comprises a nationally recognized securities attorney, a former SEC Enforcement Attorney, and a team of other professionals. We know how the whistleblowing program works and what it takes to submit a tip to the SEC successfully. We offer free and confidential consultations, which you can set up by calling (800) 975-4345 or by emailing us.