Whistleblower Cases - Transcript
Most people don’t know that anyone can be a whistleblower and any type of information they have as to wrongdoing and in a public company or a private company issuing SECurities is doing.
Now, we represent SEC whistleblowers, we’re not there are other types of cases, but we specialize really in handling matters that are in our practice area.
You know you could hear something at a lunch table and it used to be the in the day although different these days that you could go to very active wall street restaurants and hear people talking about deals.
You could overhear something and you could submit a tip, it could be something in your employment that you see is very wrong and you could report it up the firm, or you can report it directly to the SEC and you can’t be retaliated against because retaliation is just yet another thing to blow the whistle on.
You could have analytics, you could be a very smart person who is able to analyze something in the market and say you know this is wrong, this you know this can’t be happening, this way, this is an anomaly and show an analytical study to the SEC and blow the whistle on let’s say a market manipulation that you can mathematically show is impossible.
So that is uh an area where we have found a way to get really the SEC’s attention, we have had many whistleblower cases where we’re dealing directly with SEC investigators.
A whistleblower can get a bounty of up between 10 and 30% of whatever the SEC or other regulators collect as a result of the tip we’ve gotten 30% full awards
So it is something that is absolutely worthwhile, it is not the hardest thing to do but it does take skill so it’s not extremely time consuming for the whistleblower per se um but it it can be very lucrative.