The SEC Whistleblower Program, for those who do not know, has been in effect since 2010. The reason why it came into being was the Dodd-Frank Wall Street Reform and Consumer Protection Act, which was established during the same year. Even though this is a great perk for any of these people to have, the truth of the matter is that there may still be confusion related to this topic. In order to clear this very confusion, here are a few questions worth bringing up.
"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.
"Can individuals expect rewards from the SEC Whistleblower Program?" Yes, there are actually a couple of rewards or perks that come from this program. As far as payment is concerned, if you are involved in a particular case that goes through, you can earn between 15 and 30 percent of the monetary sanction attached to it. What about the fact that these men and women are protected on the employment side of things? The fact that men and women don't have to worry about their jobs is nothing short of a relief.
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.
"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.
"Can individuals expect rewards from the SEC Whistleblower Program?" Yes, there are actually a couple of rewards or perks that come from this program. As far as payment is concerned, if you are involved in a particular case that goes through, you can earn between 15 and 30 percent of the monetary sanction attached to it. What about the fact that these men and women are protected on the employment side of things? The fact that men and women don't have to worry about their jobs is nothing short of a relief.
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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For more details regarding the SEC Whistleblower Program, in general, don't hesitate to get in touch with Whistleblowers Against Fraud.. This article, The SEC Whistleblower Program: Common Questions To Ask has free reprint rights.
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