Rhode Island SEC Whistleblower Attorneys

If you possess information about federal securities transgressions such as stockbroker misconduct, market manipulation, Ponzi schemes, non-compliant reporting systems, and others, the Silver Law Group and the Law Firm of David R. Chase possess the knowledge and experience to assist you in the submission of a whistleblower tip. We work with individuals locally in Rhode Island, throughout the country, and internationally, liaising with the SEC Office of the Whistleblower to help your tip receive the attention it deserves. Our team includes a former SEC Enforcement attorney, equipping us with inside information on how the Commission conducts investigations and maximizing the likelihood of your tip being investigated and you receiving a substantial reward.

When a successful enforcement action is carried out by the Commission and it results in a minimum of $1 million recovered, whistleblowers could receive an award ranging from 10 to 30 percent. However, simply submitting a tip does not automatically lead to an SEC investigation—the Commission has stringent regulations to evaluate eligibility. Engaging a well-versed whistleblower attorney is crucial to improving your chances for SEC enforcement while protecting your anonymity and financial reward.

For potential whistleblowers in Providence, Warwick, Newport, and other cities across Rhode Island, the SEC has set benchmarks for the information they need to issue a maximum award. To be considered for rewards from successful enforcement actions, individuals need to provide:

• Original information: The Commission requires whistleblowers to have first-hand information to initiate enforcement action against securities offenses. Although internal reporting of allegations isn't obligatory, your potential award percentage could be enhanced.
• Prompt information: Potential whistleblowers need to submit their tip before the SEC has any other detailed knowledge about the allegations. Once the Commission is involved, the whistleblower's information is less valuable.
• Substantial information: Although information about any SEC violation could lead to a financial reward, the award amount depends on its impact. The more comprehensive and extensive the whistleblower's intel, the higher the potential award.

If you think you have prompt, substantial, and first-hand information about Rhode Island securities offenses, our SEC whistleblower lawyers are prepared to offer assistance. We can clarify what the Commission requires for an enforcement action and guide you on improving your chances of receiving compensation.

With the establishment of its current whistleblower program in 2011, the SEC has seen a noteworthy increase in successful enforcement actions by incentivizing more potential whistleblowers to step up. Over the past few years, the award amounts have touched the nine-figure bracket. Between 2020 and 2023, whistleblowers have seen awards as high as $114 million and even $279 million. However, with the amendments to its whistleblower program in FY 2022, the SEC is enhancing the potential for financial rewards even further. Individuals providing information about federal securities offenses can now be compensated even if it falls under a non-SEC enforcement action.

Possible securities violations are wide-ranging and numerous, ranging from accounting fraud by publicly listed companies and broker-dealer misconduct to foreign bribery and FCPA violations. Other violations that an experienced SEC whistleblower lawyer could identify in your tip could include:

• Illicit or fraudulent securities offerings
• Stock market manipulation
• Futures fraud
• Insider trading
• Ponzi schemes
• Non-compliant reporting systems
• Commodities fraud
• EB-5 investment fraud
• Hedge fund fraud
• Investment advisor fraud

While the potential for compensation may seem compelling, the decision to become a Rhode Island SEC whistleblower should not be taken lightly. It can be a challenging and stressful journey, and there is a risk of retaliation from employers. Plus, due to the narrow eligibility criteria, the SEC may choose not to pursue your tip despite the risks you may take to provide that information. Suffice it to say it's not a journey you should take without legal guidance and representation.

For this reason, our SEC whistleblower lawyers, Silver Law Group and the Law Firm of David R. Chase, have formed a strategic alliance to represent SEC whistleblowers like you--so you can have confidence in our team to help you get the justice and compensation you deserve. Our vast experience includes representation of whistleblowers in towns and cities like Cranston, Pawtucket, Providence, and others across Rhode Island. With an SEC Enforcement attorney as part of our team, our understanding of the federal government's requirements in uncovering violations and the impact of the SEC Whistleblower Program on you is unrivaled.

Contact our offices today if you're a company insider or employee knowledgeable about securities violations. Our whistleblower law firm understands the SEC's objective in uncovering violations and how Rhode Island SEC whistleblowers can maximize their potential awards.

For a no-cost, confidential consultation with a leading SEC whistleblower attorney and to begin your journey as a Rhode Island SEC whistleblower, contact the Silver Law Group and the Law Firm of David R. Chase via email or call us today at (800) 975-4345.