Virginia SEC Whistleblower Attorneys

For years, the SEC’s Whistleblower program has issued substantial financial rewards to members of the public for their credible, original tips about violations of federal securities laws. Awards are issued in cases where the tips result in a net financial payment of more than $1 million from the violator. Some tips the SEC has rewarded include those exposing Ponzi schemes, false corporate filings, stock manipulation, and more.

The SEC doesn’t have the resources to investigate every Whistleblower tip; in fact, many aren’t investigated at all. As a result, most Whistleblower tips don’t result in a financial reward. But when the SEC does make a Whistleblower award, it tends to be substantial. The Whistleblower who submitted the tip can reap 10% to 30% of the financial penalty that the SEC collects as a result of the information submitted by the Whistleblower. And because Whistleblower awards are only made in cases where the SEC recovers at least $1 million, the awards are often in the millions or tens of millions of dollars.

The term “Whistleblower” has a specific definition in the SEC’s rules. It refers to an individual – not a company – who submits written information to the SEC that discloses a potential violation of federal securities laws, rules, or regulations. Violations can still happen when the tip is submitted; they can also be ones that occurred in the past, or even potential violations that are about to occur.

The SEC has a detailed set of procedures to be followed for a Whistleblower tip to be eligible for an award. Whistleblower tips can be submitted anonymously if you retain an attorney to submit your tip for you. This can be very important if you have information about your employer’s securities law violations because your identity will remain confidential throughout the submission and investigation process.

At Silver Law Group and the Law Firm of David R. Chase, our experienced SEC Whistleblower attorneys understand the SEC’s Whistleblower tip requirements. We will make sure your tip is submitted properly, and can also help increase your chances of earning a substantial monetary reward. Our lawyers can assist SEC Whistleblower clients in Virginia, the rest of the US, and worldwide. Among our SEC whistleblower attorneys are a former SEC Enforcement attorney and attorneys who have significant experience in securities law.

Whistleblower awards can be quite large – they are issued when the SEC nets more than $1 million from a company or individual due to federal securities laws violations. The SEC awarded $279 million to a whistleblower whose tip resulted in a very substantial SEC enforcement action. That was the largest SEC Whistleblower award when it was issued, but many others are in the millions or tens of millions of dollars.

Our SEC Whistleblower attorneys commented on the $279 million award: “While we were not involved in this case, this SEC whistleblower award recognizes the strength of the SEC Whistleblower Program, and the ability for SEC Whistleblowers to be handsomely rewarded for coming forward and reporting to the SEC.”

We take a team approach to representing our Whistleblower clients. This helps make it more likely that the tips we submit on behalf of a client will prompt the SEC to investigate the illegal practices reported. Investigation is key, because, without an investigation, there is no Whistleblower award. Our team includes skilled former SEC prosecutors, Wall Street defense attorneys, lawyers with experience representing investor advocates, and forensic accountants and investigators, who work together on behalf of our Whistleblower clients with the goal of helping them receive a substantial Whistleblower award.

There are a wide range of federal securities law violations that can form the basis for a successful SEC Whistleblower tip and award. These include the following:

• Insider Trading
• Commodities and Futures Fraud
• Investment and securities fraud
• Hedge fund fraud
• Fraudulent and unregistered securities offerings
• Ponzi Schemes
• EB-5 investment fraud
• Market Manipulation Or Pump And Dump Schemes
• Inadequate internal controls or Supervisory Systems
• Investment Adviser Fraud
• Foreign bribery and other FCPA violations
• Broker-dealer and Stockbroker Misconduct
• Accounting Fraud by Publicly Traded Companies
• False or misleading statements about a company or investment Violations of auditor independence rules

Silver Law Group and the Law Firm of David R. Chase work together in a successful strategic partnership focused on zealously representing and protecting SEC Whistleblowers. If you have information about federal securities laws violations by your employer or if you’ve been the victim of fraudulent investment practices such as a Ponzi Scheme or stock manipulation, we can help. We’ll work with you to gather the information needed to submit a compelling Whistleblower tip to the SEC, submit it according to the SEC’s Whistleblower tip requirements, and represent you in any investigative dealings with the SEC. We aim to maximize the chances that the SEC will act on your tip so that you have the best chance of receiving a substantial Whistleblower award.

Contact us today to learn more about how the Silver Law Group and the Law Firm of David R. Chase can help you with your Whistleblower claim. Whether you’re located in Virginia or anywhere else in the US, we are here to represent and advise you about the SEC’s Whistleblower program. David R. Chase, Esq. is a former SEC Enforcement Attorney who understands how the SEC investigates Whistleblower tips. Scott L. Silver, Esq. is the author of the widely-acclaimed outline on the SEC’s Whistleblower Program, available free to you upon request.

For more information about how the Silver Law Group and the Law Firm of David R. Chase can help you with your potential SEC Whistleblower tip, call us today at (800) 975-4345 or use our contact form to set up a free and confidential consultation with one of our experienced SEC Whistleblower attorneys.