In the United States, the Securities and Exchange Commission (SEC) is responsible for overseeing the actions of the financial sector. At the federal level, the Commodities Futures Trading Commission (CFTC) plays an essential role in monitoring financial transactions. With these organizations come many regulations to defend against fraud and other financial scams.
An experienced Columbia financial industry whistleblower lawyer has the resources and experience to guide individuals as they report violations of regulatory laws. Legal representation often includes an in-depth analysis of the facts before submitting a report to the CFTC or SEC, assistance with seeking monetary rewards for whistleblowers, and protection for clients from potential retaliation. Let the well-versed team of whistleblower lawyers at Bill Nettles, Attorney at Law, help you do the right thing.
Whistleblowers in the financial industry have a long history of reporting a vast range of unlawful activities. The SEC and CFTC are largely interested in information regarding severe infringements, including:
Exposing and reporting fraud can help combat financial crime, safeguarding the public and investors from unlawful activity. Whistleblowers help ensure fair and ethical business practices while deterring future misconduct that could lead to an industry-wide crisis. If you are considering sharing information you have heard regarding fraud in the financial industry, reach out to a Columbia attorney for help before making any moves.
Employees in the financial sector are often hesitant to report wrongdoings because of the fear of being harassed, demoted, transferred, or fired. The Dodd-Frank Act protects whistleblowers, making it illegal for employers to take retaliatory action against an individual. The Commodity Exchange Act (CEA) also protects whistleblowers, making it unlawful for employers to retaliate against workers who choose to report fraudulent financial activity to the government.
Individuals in Columbia considering making a report should contact a qualified attorney familiar with whistleblower law who can explain the protections available to ensure anonymity while seeking monetary compensation for submitting an original claim about the financial industry.
State and federal agencies rely heavily on whistleblowers to bring forth information they may observe in day-to-day operations, exposing potential crimes and fraudulent activity in the financial sector. To encourage individuals to come forth with valuable information, the SEC and CFTC provide monetary rewards through the writs of Qui Tam.
If the information leads to a conviction, the individual exposing the crime may be entitled to a reward of up to 30% of the value recovered if it exceeds $1,000,000. An experienced attorney in Columbia has the resources and knowledge to help financial industry whistleblowers collect rewards in exchange for the information they provide.
Whistleblowers have a significant impact on uncovering fraudulent activity in the financial industry. Preventing fraud not only maintains the integrity of financial markets but also protects the interests of shareholders, investors, and the public at large. If you believe you have witnessed violations of CFTC or SEC regulations, a Columbia financial industry whistleblower lawyer could help protect your rights, particularly if you are currently an employee for an organization that is breaking the law.
At Bill Nettles, Attorney at Law, our professional legal team understands the intricacies of the financial industry. With decades of experience, we have worked at both the state and federal levels to help our clients get results. Contact us today to learn more about submitting a claim for potential violations in the financial industry, and let our experienced team of respected whistleblower lawyers help you fight retaliation and seek monetary compensation for your efforts.
