Tuesday, May 19, 2015

By Bob Oliver


In 2010, the SEC Whistleblower Program was brought into effect. It was also during this year that the Dodd-Frank Wall Street Reform and Consumer Protection Act, which was carried out during that same year as well. However, there are still many details to cover, each of them with their own degrees of importance. For those who are curious to learn more, here are a few of the most common questions you would be wise to ask.

"Which fields can the SEC Whistleblower Program cover?" Seeing as how fraud can cover a number of industries, it's easy to see that this program can work with each of them. Medicare may not have been paid, or perhaps too much money was presented. It's also possible that Ponzi schemes can be evaluated. Whatever the case may be, it's easy to imagine that this program can work with any and all potential situations, making them better in the long term.

"Do I qualify for this program?" Before anything else, you have to know if you qualify for the SEC Whistleblower Program. According to companies like W.A.F., one of the main ways to qualify is to present "original" information. In short, it cannot be the same as details which have already be submitted, as it relates to a certain case. You should also consult the proper authorities to ensure that the case goes through as smoothly as possible.

"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.

Hopefully these points have helped you better understand what the SEC Whistleblower Program is all about. To say that these details matter would be an understatement, especially when you consider the fields in which this program can be used. Whistleblowers should not fear bringing attention to violations of the law. If anything, the ability to do so will only reward them in the long term, which means that this will be all the more rewarding.




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