If you just uncovered information about a possible securities violation within your company, you will have the opportunity to become an award winning whistleblower if you act fast and submit your tip to the United States Securities and Exchange Commission (SEC).
Many would-be whistleblowers hold themselves back from reporting information to the SEC because they are afraid of being retaliated against by their employers. Fortunately, the Dodd-Frank Act contains provisions that both protect whistleblowers from retaliation by their employers and allow them to remain anonymous when tipping off the SEC.
However, there is more to maintaining your anonymity than you might think. Read on to learn more about protecting your identity and becoming a whistleblower.
You’ll Need To Be Represented By An Attorney
In order to remain anonymous when you report your tip to the SEC, you’ll need to work with an experienced SEC whistleblower lawyer. Your attorney will be able to submit your information to the SEC on your behalf.
They will also enable you to protect your identity by conducting SEC interviews over the phone. Your lawyer will keep you informed about whether or not the SEC began to investigate the allegations of your tip, as well as the status of your potential award.
When Your Identity Will Need To Become Known
If the information you provided to the SEC enabled them to take enforceable action against the violating individual or company, they were able to recover sanctions of more than $1,000,000 and you met the other requirements of being an award winning whistleblower, your identity will need to become known by the SEC so that they can issue you your award.
The SEC does everything in their power to protect your identity once they know who you are, and will never disclose your information to the public. There are certain instances, however, where they will be obligated to provide certain agencies with your information, where applicable.
In the event that your employer becomes aware of you blowing the whistle on fraudulent activity within the workplace and retaliates against you, we can file a wrongful termination suit against them. If successful, you could be reinstated into your former position, recover other damages, and be awarded double back pay.
Also, the SEC will impose fines and other sanctions against them for violating the retaliatory protections of the Dodd-Frank Act.
Consult With An SEC Whistleblower Lawyer
When you become aware of investment fraud or other types of securities violations and you want to remain anonymous in your report to the SEC, protect your whistleblower rights under Dodd-Frank by getting in touch with a qualified SEC whistleblower lawyer. Your attorney will be able to protect your identity and advise you about what you can expect in the whistleblowing process.