Nevada Whistleblower Lawyer
When you become aware of securities fraud and other schemes, call a Nevada whistleblower attorney to maximize your chance of winning a reward for reporting your tip to the SEC.
Gaining knowledge of fraudulent activity within your workplace can be difficult to process. You might want to blow the whistle but are afraid of the ramifications of reporting your tip to the SEC. For this reason, the Securities and Exchange Commission (SEC) has taken steps to protect would-be whistleblowers from retaliation by their employers so they feel more comfortable coming forward.
Get in touch with an experienced Nevada whistleblower lawyer at Meissner Associates. We can help you prepare for what’s ahead and ensure that you maximize your chance of receiving a whistleblower reward.
Common Types of Securities Fraud
Securities violations and other kinds of investment schemes can be difficult for even the most experienced broker, trader, or other financial worker to recognize. However, some schemes continue to occur quite frequently, which makes recognizing them and putting a stop to them a little bit easier.
Some of the most common types of securities fraud seen in Nevada whistleblower cases include the following:
- Manipulation and Mispricing of Stocks – When a stock market worker manipulates stocks or misprices them so some investors have better opportunities for success than others, that person is committing fraud. People who do this generally do so because they are going to profit from it in some way.
- Ponzi and Pyramid Schemes – In a pyramid scheme, the fraudster will request that investors recruit new investors and then pay the older investors with the money brought in by new recruits. A Ponzi scheme is similar, except there is no recruiting requirement. The fraudster will create a fake investment opportunity and then pay older investors with the investment funds provided by new investors.
- Insider Trading – When confidential information that has not been made available to the public is used to trade on the stock market, the broker is engaging in insider trading. Your whistleblower attorney in Nevada will be able to advise you on whether your information would truly expose fraud the SEC would be interested in.
- Money Laundering – People who launder money have illegally obtained funds in some way and then hidden the money in various business ventures and, often, foreign banks.
- Embezzlement – Embezzlement occurs when someone who is responsible for a sum of money or an account steals funds for personal use.
These are just a few of the most frequently seen schemes whistleblowers have provided tips about. Your qualified SEC whistleblower lawyer in Nevada will be able to help you determine whether a violation truly exists and move forward with informing the SEC.
Maximize Your Chance of Winning a Reward
If you are hoping that you’ll be able to receive a reward after blowing the whistle on fraud in Nevada, you should know that there are certain requirements that your tip must meet to warrant such an award. If even one of these criteria isn’t met, you will be ineligible for a reward.
The SEC requires that whistleblower tips are both voluntary and original. You must report the information you have before the SEC questions you about the open investigation, and the tip needs to have not been made available to the public. You will need to be the first whistleblower to provide this specific information.
Then, the SEC will need to be able to take enforceable action against the violating company. This includes the recovery of at least $1,000,000 in sanctions, of which you will be entitled to somewhere between 10 and 30 percent. This amount will vary based on how valuable your tip was to the SEC’s ability to take action.
You more than likely won’t be able to tell whether your information meets the aforementioned criteria, but your whistleblower lawyer in Nevada will be able to assess the tip and advise you about what you can expect after you take the first steps in becoming a whistleblower.
Don’t Let Retaliaion Scare You
Whistleblowers often hold themselves back from reporting information to the SEC because they are afraid of what will happen if or when their employers find out. This is why the SEC, along with the Dodd-Frank Act and Sarbanes-Oxley Act, have not only allowed whistleblowers to remain anonymous, but enacted laws against employer retaliation.
Your employers would be in violation of the law if you were fired, demoted, or harassed after they learned of your whistleblowing. At that point, we could bring a wrongful termination claim against them, and you could be entitled to double back pay and even be reinstated to your position.
Reach Out to a Nevada Whistleblower Attorney
If you’re prepared to blow the whistle on investment schemes and other violations you have knowledge of, reach out to a lawyer with Meissner Associates. We can help you protect your identity and determine whether your information warrants an SEC whistleblower award.
You can reach a Nevada whistleblower lawyer at our office by calling 1-866-764-3100 or filling out the secure contact form we’ve included below. Schedule your confidential tip evaluation today.