The guide book,SEC Whistleblower Program Handbook, that was crafted, points out all the requirements such as eligibility for whistleblower protection. This is a key element of the program as in the past, employers, who were ratted out by their employees acting as whistleblowers, would unleash the most venomous retribution on such ‘traitors,’ so that the future of such turncoats would be toast. Instead, it is Christmas everyday for the whistleblower, moreover, there is a new career for those who wish to learn the ins and outs of this program so that they can cash in on the lucrative commission that is now awarded from the sanctions that are won against the Wall Street trading houses that use, now illegal performance parameters for their employees to follow that lure ‘unwitting’ investors into their traps.
That is a good thing out of this, however, there are other approaches that can make millions for a whistleblower today such as properly reporting on Financial fraud and corporate disclosures, Offering Fraud, Insider Trading, Trading and Pricing, Market Manipulation, Foreign and Corrupt Practices Act, Market Events and Municipal Securities to name the known categories of violations under Dodd-Frank. Of course this handbook will have to be updated as more scandals are revealed about new avenues that the Wall Street money rakers devise in order to get around the new shackles that have been placed on their old gambits against the average investors.
No matter what transpires in the world of investing and the world of cronies in Washington, there will be a bright future for the SEC Whistleblower attorney. The potential payday of more than $17 million, an example of a recent award, for the fortunate informer and others of similar amount have already paid off.