We are happy to announce that on July 17, 2015 the SEC awarded 3 million dollars to an insider whose information uncovered a complex fraud. The payout is the third largest payout in the history of the SEC whistleblower program which Meissner Associates originally participated in crafting the SEC rules for such program and are believed to have filed the very first submission, long before the SEC rules were even passed or the SEC named the head of its Whistleblower Office. The Whistleblower’s tip led to other related actions which increased the bounty paid to the whistleblower.
Whistleblowers who provide the SEC with unique and useful information that contributes to a successful enforcement action are eligible for awards that can range from 10 percent to 30 percent of the money collected when financial sanctions exceed $1 million. By law, the SEC protects the confidentiality of whistleblowers and does not disclose information that might directly or indirectly reveal a whistleblower’s identity.
Since its inception in 2011, the SEC’s whistleblower program has paid more than $50 million to 18 whistleblowers, including a more than $30 million award in 2014 and a more than $14 million award in 2013.
Since the start of the program, after having lobbied several SEC commissioners personally on behalf of whistleblowers in general, Mr. Meissner has represented several anonymous internal and external whistleblowers, both senior employees and outsiders, in successfully filing their information and claims with the whistleblower office. We expect further success stories in the future as the investigations continue as a result of carefully screened client matters.
If you have information regarding the potential violation of securities statutes by a public or non public entity or person, and believe the potential sanctions may be above 1 million, contact the Meissner firm for a FREE case evaluation. Unless otherwise requested, all our whistleblower representations are accepted on a contingency fee, which means there is NO CHARGE to the client for any legal fee, until and unless there is actually a bounty awarded to you.
Call Nationwide Toll Free 866-764-3100 or local 212-764-3100 – Cases may originate from anywhere in the world as long as it may involve the violation of US Securities Rules and Regulations including but not limited to Accounting Fraud, Failure to Disclose Material Information to Shareholders, Insider Trading, Foreign Bribery (Foreign Corrupt Practices Act) , Ponzi Schemes, False Representations regarding Securities, Overcharging investment fees or management fees, False valuation of assets under management in funds, Self dealing by investment banks, and many other potential securities violations.