September 29, 2020

How to Report Banking Fraud

Banking fraud continues to be an issue for investors across the U.S. Fortunately, you can do something about it if you suspect that you are a victim of banking fraud. Below, we go into further detail about what constitutes banking fraud and the steps you can take to report banking fraud to the U.S. Securities & Exchange Commission (SEC).

What Is Banking Fraud?

Banking fraud occurs when an individual who poses as an official of a bank attempts to remove money, assets, and other funds from a financial institution or a customer of a financial institution. This is not only considered to be an SEC violation, but is also frequently considered a criminal offense punishable by prison time and other penalties.

Tipping off the SEC

There are a couple different ways you can report banking fraud to the SEC. First, you can do so through your whistleblower lawyer. This provides you with the opportunity to remain anonymous while still obtaining updates on the status of your case.

If you do not work with a whistleblower lawyer, you can always report your tip to the SEC through their “Tips, Complaints, and Referrals” online portal or you can mail a form TCR to the following address:

SEC Office of the Whistleblower

100 F Street North East

Mail Stop 5631

Washington, D.C. 20549

Contact an SEC Whistleblower Lawyer

Do you suspect that you’ve been taken advantage of by your stockbroker? Do you believe you are a victim of banking fraud? If so, you may be able to secure an award and recover your losses by reaching out to an SEC whistleblower lawyer at Meissner Associates to discuss the details of your case. 

You can schedule a confidential tip evaluation by giving our office a call at 1-866-764-3100 or submitting the online contact form at the bottom of this page.