Rasansky Law Firm can help you report information about securities fraud to the SEC under the whistleblower program.
Our Dallas whistleblower attorneys understand that you may have reservations about filing a whistleblower lawsuit, but rest assured that we will work hard to ensure that your complaint is addressed, that you’re shielded from retaliation, and that you’re fully compensated for your assistance.
Securities fraud (also referred to as stock or investment fraud) is a complex and multifaceted issue, but essentially refers to the use of false or misleading information (or outright fraud) to persuade people to sell or buy investments or commodities.
There are any number of people or entities who become involved in these schemes, including corporations, brokerage firms, investment banks, stockbrokers, private investors, and stock analysts.
Corporate officers and/or members of the board may be guilty of SEC fraud by misstating the information on financial reports or filings with the Securities and Exchange Commission; engaging in insider trading; engaging in the manipulation of stock prices; theft or mishandling of investor funds; through bribery; through insider trading; or by fraudulently representing themselves to corporate auditors.
The impact of securities fraud.
Securities fraud can have a disastrous impact on not only stocks and commodities, but the economy as a whole. It is believed that fraudulent mortgage-backed securities had a major impact on the financial housing crisis that occurred in 2008. All of the nation’s top investment banks were involved in the sale of these mortgage-backed securities or other related products whose performance was contingent upon these securities. By reporting SEC fraud, you can minimize the harm to investors and help preserve the integrity of America’s capital markets.
Civil securities fraud costs investors approximately $40 billion every year. Unfortunately, ever since the internet age provided people with more access to stock and commodity markets, more avenues for criminals desiring to commit securities fraud opened up.
As the issue of securities fraud continues to proliferate, the SEC is encouraging more whistleblowers to come forward. By offering high-dollar cash rewards (typically at least $100,000 but sometimes several million dollars), anonymity, and whistleblower protection, the Securities and Exchange Commission is providing would-be whistleblowers with a unique opportunity to get paid for doing the right thing and reporting securities fraud.
The role of whistleblowers.
Anyone who possesses information regarding a violation of federal securities law can assume the role of a whistleblower as long as the information they provide leads to at least $1 million in SEC sanctions, and as long as the individual is not a member of any of the regulatory agencies, law enforcement agencies, the Public Company Accounting Oversight Board, or the U.S. Department of Justice.
Individuals who file SEC whistleblower complaints do not need to provide a name, although to file anonymously, you must be represented by an attorney.
If you possess evidence of security violations where you work (or anywhere else), it is in your best interest to discuss your situation with a Dallas whistleblower attorney. We’re happy to evaluate the strength of your case and advise you of your options for free, and our attorneys never charge a penny unless we actually win your case and collect a cash award.
Speak With a Dallas Whistleblower Attorney For Free
The attorneys at Rasansky Law Firm are happy to speak to you about your potential case free of charge. If we can help with your claim, we’ll do so for no out-of-pocket cost to you. Call us 24/7 at (214) 651-6100, or toll-free at 1-877-405-4313.