Image of SEC Whistleblower Program: Can I submit a tip to the SEC if I was involved in the fraud or misconduct?

SEC Whistleblower Program: Can I submit a tip to the SEC if I was involved in the fraud or misconduct?

 

 

Yes, so long as you are not criminally charged. If you had any involvement in the wrongdoing, you should consult with an experienced SEC whistleblower attorney before contacting the SEC to determine your potential liability. Once you submit a tip, the SEC can forward the information to other agencies, including the Department of Justice, for potential criminal investigations.

Importantly, even though the SEC Whistleblower Program allows anonymous submissions through attorneys, the agency will issue an award only after it determines that the whistleblower is eligible for the award. The SEC may reduce the amount of an award if the whistleblower participated in, or was culpable for, the violation.

For more information about whistleblower rewards and bounties, contact the SEC whistleblower lawyers at Zuckerman Law at 202-262-8959.

To learn more about the SEC Whistleblower Program, download Zuckerman Law’s eBook: SEC Whistleblower Program: Tips from SEC Whistleblower Attorneys to Maximize an SEC Whistleblower Award:

SEC Whistleblower Program Tips from SEC Whistleblower Attorneys to Maximize an SEC Whistleblower Award

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Yes, you can still submit a claim if you had involvement in the fraud or misconduct. As a practical matter these individuals tend to have some of the best details that they can say about the specific violation or perhaps can offer some evidence that other whistleblowers may not have access to.

However with that said these individuals should know that once they submit information to the SEC, the SEC can give it to other agencies such as the Department of Justice for criminal investigation. As such these individuals should consult with an experienced SEC whistleblower attorney prior to submitting any information to the SEC.

Jason Zuckerman, Principal of Zuckerman Law, litigates whistleblower retaliation, qui tam, wrongful discharge, and other employment-related claims. He is rated 10 out of 10 by Avvo, was recognized by Washingtonian magazine as a “Top Whistleblower Lawyer” in 2015 and selected by his peers to be included in The Best Lawyers in America® and in SuperLawyers.

Matthew Stock is the Director of the Whistleblower Rewards Practice at Zuckerman Law. He represents whistleblowers around the world in SEC, CFTC and IRS whistleblower claims. He is also a Certified Public Accountant, Certified Fraud Examiner and former KPMG external auditor.