Day: December 6, 2018

Securities fraud harms markets and investors. It can result in massive losses if allowed to persist. Various laws have been enacted to prevent fraud and penalize perpetrators. One of those is the Dodd-Frank Act which includes provisions for a whistleblower program.

What Is SEC Whistleblowing?

Detecting fraud can be extremely difficult since those who are doing it are deeply embedded in the system. They know the technicalities and are able to cover their tracks well enough to avoid discovery. The best way to learn about their existence is for someone from the inside to come forward with information. This is where the whistleblower program comes in. The Securities and Exchange Commission encourages people to give them tips in return for financial incentives.

Eligibility

The SEC receives thousands of tips each year. In order to be eligible,a person must provide original information that can lead to a successful intervention. It should revolve around possible violations of federal securities laws. This might have occurred in the past,in currently in play,or is set to happen in the future. The monetary sanctions should be more than $1 million. Only individuals,acting voluntarily,can become whistleblowers,even if they have a -. Companies are excluded from the program.

Information

Ideally,the info provided has specific and verifiable details so that investigators will know where to look. They want names,sample transactions,and credible evidence. Only violations of federal securities laws will be entertained. Others might be referred to different law enforcement agencies. Include in their scope are Ponzi schemes,price manipulation,insider trading,misleading statements,naked short selling,and bribery of foreign officials.

Award

The incentive will be between 10% and 30% of the monetary sanctions. Employers will be barred from taking retaliatory action against whistleblower employees. For more information about the program,contact an -.

Being involved in a car accident can be quite frightening and traumatic,considering that you and those who were with you in the vehicle might be seriously injured. However,you should initiate the process of your car accident claims immediately. Steps taken by you during and in the aftermath of the accident determines whether you maximize or receive less than what is actually needed for your car repairing costs,as well as your medical bills plus other expenses. Start off by reporting the accident to the law enforcement authorities immediately. This ensures that you have enough evidence,making it easier for you for fully recovering car accident compensation. You should also contact a well established -y who specializes in such cases,so that he can visit the scene of the incident,take details about the crash from the police,witnesses to the crash,and take photographs of the scene.

Importance of reporting the accident immediately

In case somebody has collided his car with yours,providing details to the police and the lawyer,ensures that they take immediate action and prevent the other party from filing a case against you. The notes taken by the police along with the details gathered by the- by questioning eye witnesses,along with the photograph of the scene ensures that you have a waterproof case. A professional attorney will also take photographs of your injuries,and will also collect medical reports or records related to your injuries. Visiting a doctor as soon as possible after the accident allows him to assess the severity of the injuries you and those travelling with you have suffered and the amount it will cost to get them treated. Give those details to the car accident attorney too. The attorney will further collect information about the other vehicle by noting down its number plate with the help of eye witnesses. If your vehicle is insured for third party damages,ensure that you had over copies of that insurance policy to the attorney. Following the above steps increases your chances of you recovering car accident compensation fully.