While the False Claims Act protects and rewards whistleblowers who uncover corporate employers defrauding the U.S. government, the Dodd-Frank Act requires specific government agencies affiliated with securities, commodities, and foreign corruption like money laundering to protect and reward whistleblowers.

The Dodd-Frank Act permits U.S. and foreign whistleblowers to anonymously report violations to receive a reward of between 10 and 30 percent of what the agency recoups. Dodd-Frank also compelled the Securities and Exchange Commission’s (SEC) rules that enable the SEC to instigate legal action against employers who retaliate against whistleblowers. When you have knowledge of fraud concerning securities or commodities, or you have information about foreign bribery or money laundering, a skilled attorney can help you file a Dodd-Frank and Greenville Whistleblower claim.

The Dodd-Frank Act

Dodd-Frank provisions are based on fraudulent activity committed against the SEC and the Commodities Foreign Trade Commission (CFTC) or in violation of the Foreign Corrupt Practices Act (FCPA), which is enforced by the Department of Justice (DOJ) and the SEC or Sarbanes-Oxley (SOX) with oversight by the SEC. Whistleblowers submit information not known to the public to the SEC or DOJ and apply for rewards should the agency decide to act on the claim. Unlike the False Claims Act, where whistleblowers can proceed with a qui tam lawsuit when the government decides not to proceed, a Dodd-Frank whistleblower claim in Greenville ends if the appropriate agency declines to pursue it.

Dodd-Frank also provides robust protection for whistleblowers harassed, dismissed, intimidated, or discriminated against by disgruntled employers who learn who they are.

Securities and Exchange Commission Claims

The SEC, under the Dodd-Frank Act, Section 922, established a whistleblower program to reward those who supply original information that leads to an enforcement action with penalties exceeding $1,000,000. Some examples of securities fraud that have resulted in penalties include:

  • Pyramid and Ponzi schemes
  • Insider trading
  • Manipulating securities
  • Money laundering through securities

The SEC also oversees enforcement matters under the Sarbanes-Oxley Act. The SEC, under SOX’s whistleblower cases, has forced wrongdoers to pay more than $975 million in monetary sanctions. Wrongdoers disgorged $671 million as ill-gotten gains with interest, most of which the SEC returned to investors harmed by the bad acts. Employees with unique information concerning securities fraud in Greenville should consult with a Dodd-Frank whistleblower attorney to discuss filing a claim with the SEC.

Commodities Foreign Trade Commission Claims

The Commodities Foreign Trade Commission whistleblower program arises from Section 748 of the Dodd-Frank Act. Since the CFTC’s first reward, whistleblowers have earned $120 million for reporting commodities fraud that includes, among other acts, price manipulation, disruptive trading practices, misappropriation, failure to submit required reports, and making false reports.

To receive a reward for a CFTC Dodd-Frank claim, the whistleblower in Greenville must provide original information that leads to successful enforcement.

Claims Under the Foreign Corrupt Practices Act

The SEC and DOJ handle enforcement for Greenville Dood-Frank whistleblower claims under the Foreign Corrupt Practices Act. The government rewards U.S. citizens and foreign nationals for reporting frauds that partially occur outside U.S. borders. The SEC and DOJ have successfully prosecuted companies and their principals for bribery, money laundering, and creating false company records, as well as other financial schemes.

Our Attorneys Understand Dodd-Frank and Greenville Whistleblower Claims

The U.S. government has had great success with its whistleblower programs. People in the past have been hesitant to get involved in reporting an employer’s fraud. They were frightened of retaliation, and there was no real reward for the risks they would have to take.

Now, you can obtain an award of between 10 and 30 percent of what the government receives when it levies sanctions against wrongdoers. This has proved to be an incentive for people with sensitive information. The government has recouped billions of dollars through its various whistleblower programs. When you believe your employer is engaging in fraudulent behavior concerning securities, commodities, or an international scheme and would like to discuss it, we can help you navigate the unique provisions of Dodd-Frank and Greenville whistleblower claims. Call now to learn more.

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