Top ContributorAward 2015David Nicholas Ferri
David Nicholas FerriReviewsout of 3 reviews

SEC Whistleblower Claims

The Securities and Exchange Commission has awarded more than $700 million to whistleblowers since the inception of the agency’s whistleblower program in 2011.

Those individuals with information or details concerning violations of securities laws or fraud concerning the securities industry can present what they know with significant protections and anonymously. Assistance and information from a whistleblower who knows of possible securities law violations can be among the most powerful weapons in the law enforcement arsenal of the Securities and Exchange Commission. Through their knowledge of the circumstances and individuals involved, whistleblowers can help the Commission identify possible fraud and other violations much earlier than might otherwise have been possible. That allows the Commission to minimize the harm to investors, better preserve the integrity of the United States’ capital markets, and more swiftly hold accountable those responsible for unlawful conduct.

The whistleblower program was established by Congress to incentivize whistleblowers with specific, timely and credible information about federal securities laws violations to report to the SEC.

Those who bring claims can range from former executives to individuals who have experienced the alleged fraud or misconduct. The SEC Whistleblower Program allows the a more efficient clean up of Wall Street by incentivizing individuals who have unique, specific information concerning insider dealings or other confidential information. The whistleblower process can be intimidating. Our attorneys present the SEC whistleblower application in the best format, increasing the likelihood of the SEC pursuing an action.

PROCESS – Contact our office today to learn more about how your specific situation may be handled and the process that may be most appropriate. Below is a general illustration of the process.

Statutes and Regulations

The Whistleblower Program was created by Congress on July 21, 2010 in Section 922 of the Dodd-Frank Act.

The SEC implemented the program by issuing Final Rules on May 25, 2011. These Final Rules are effective as of August 12, 2011.

On June 28, 2018, the SEC voted to propose several amendments to the rules governing the whistleblower program. The proposed amendments were published in the Federal Register on July 20, 2018 and were open for public comment thru September 18, 2018.

On September 23, 2020, the SEC voted to adopt amendments to the rules governing its whistleblower program that are designed to provide greater clarity to whistleblowers and increase the program’s efficiency and transparency. Concurrently, to provide additional efficiencies, as well as clarity and transparency in the award determination process, the OWB published guidance regarding the process for determining award amounts for eligible whistleblowers.

In addition to the Commission Program, there are other TYPES OF WHISTLEBLOWER CLAIMS WE CAN ASSIST WITH. They include:

If you have information about violations related to commodities, futures, or similar products, including all violations of the Commodity Exchange Act, please refer to the Commodity Futures Trading Commission’s whistleblower program.

If your information also implicates United States tax laws, you may want to learn more about the IRS Whistleblower Program.

The Department of Justice enforces the False Claims Act, another major whistleblower law.

CONTACT US TODAY FOR ASSISTANCE AND GUIDANCE WITH YOUR INQUIRY

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    Client Reviews

    He took his time and really worked with us to make sure we were informed.

    David helped explain how I needed to create and start my company from formation to getting investors. He took his time and really worked with us to make sure we were informed. He also stressed we get it right on the first go around as changing important issues later could be costly.

    Lydia

    West Legal Group PC
    5
    2020-10-28T15:12:36-04:00

    Lydia

    David helped explain how I needed to create and start my company from formation to getting investors. He took his time and really worked with us to make sure we were informed. He also stressed we get it right on the first go around as changing important issues later could be costly.

    Their work pays close attention to the importance of having everyone on the same page and having the client in charge and fully informed.

    David and Tim have been retained by me for one year to negotiate significant domestic and international settlements, and they have shown and used when doing so the requisite skills which have moved settlements toward favorable results. They are at their best when preparing and evaluating cases, when using appropriate tactics, when using countermeasures, when making first offers, when in direct examinations, cross examinations, and when in the examination of expert witnesses. Their writing is marked by being direct and precise, by blending precision with simplicity. David and Tim are particularly sensitive to complex moral situations, where no rule of thumb applies, no simple appeal to a single principle can assure a rational outcome. In such an instance they can be counted on to sort out the conflicting factors to determine what law, rule, or principle bears upon the situation, and what are the relative urgencies which govern a timely action. David and Tim command a family of intellectual traits and abilities which allows them to cope with the unexpected, grasp relations, and solve problems with speed and originality. Especially pronounced among their intellectual traits is their ability to create a congenial, professional relationship with their clients wherein written reports are delivered without fail on a designate date to a designated site to coincide with or be separate from timely discussions. Their work pays close attention to the importance of having everyone on the same page and having the client in charge and fully informed. I am a retired California State Senator who has hired and dealt with a number of skilled attorneys at law in the private and public sector. I have place David and Tim among the best of them and have in writing this statement measured them against this lot.

    Daniel

    West Legal Group PC
    5
    2020-12-02T12:29:31-05:00

    Daniel

    David and Tim have been retained by me for one year to negotiate significant domestic and international settlements, and they have shown and used when doing so the requisite skills which have moved settlements toward favorable results. They are at their best when preparing and evaluating cases, when using appropriate tactics, when using countermeasures, when making first offers, when in direct examinations, cross examinations, and when in the examination of expert witnesses. Their writing is marked by being direct and precise, by blending precision with simplicity. David and Tim are particularly sensitive to complex moral situations, where no rule of thumb applies, no simple appeal to a single principle can assure a rational outcome. In such an instance they can be counted on to sort out the conflicting factors to determine what law, rule, or principle bears upon the situation, and what are the relative urgencies which govern a timely action. David and Tim command a family of intellectual traits and abilities which allows them to cope with the unexpected, grasp relations, and solve problems with speed and originality. Especially pronounced among their intellectual traits is their ability to create a congenial, professional relationship with their clients wherein written reports are delivered without fail on a designate date to a designated site to coincide with or be separate from timely discussions. Their work pays close attention to the importance of having everyone on the same page and having the client in charge and fully informed. I am a retired California State Senator who has hired and dealt with a number of skilled attorneys at law in the private and public sector. I have place David and Tim among the best of them and have in writing this statement measured them against this lot.

    David helped my family recover against the firm and they settled before court date.

    A broker had placed my mother's retirement savings in several high risk investments that lost value almost immediately. We weren't aware of these investments until after she passed away. David helped my family recover against the firm and they settled before court date.

    Dennis

    West Legal Group PC
    5
    2020-12-02T12:29:57-05:00

    Dennis

    A broker had placed my mother's retirement savings in several high risk investments that lost value almost immediately. We weren't aware of these investments until after she passed away. David helped my family recover against the firm and they settled before court date.

    We were told if David couldn’t understand these investments no one could. They were right.

    Our office brought David in to help with investment related problems associated with a large client. He was referred to us by another attorney in San Diego. We were told if David couldn’t understand these investments no one could. They were right. He met with us and took his time explaining the best way to handle. The client ended up hiring his firm also. We will be using him again.

    Roger

    West Legal Group PC
    5
    2020-10-28T15:12:11-04:00

    Roger

    Our office brought David in to help with investment related problems associated with a large client. He was referred to us by another attorney in San Diego. We were told if David couldn’t understand these investments no one could. They were right. He met with us and took his time explaining the best way to handle. The client ended up hiring his firm also. We will be using him again.
    5
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    West Legal Group PC

    Offices

    1800 Century Park East, Suite 600
    Los Angeles, CA 90067

    1455 Pennsylvania Ave NW, Suite 400
    Washington, DC 20004

    Contact Us

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