If so, before you do anything at all, you must hire an SEC whistleblower attorney to represent you, as not doing so could get you in a lot of trouble.
How an SEC whistleblower lawyer can protect you — When it comes to reporting any federal securities violation, you want to tread carefully. Not only do most companies become vindictive when they realize one of their employees has just turned them in, if you do not report the information you have in the proper manner mandated by the SEC, you could end up in some trouble yourself.
A good lawyer that deals with SEC whistleblowers regularly, however, will make sure that you not only are able to hand over all the information you have to the SEC, but that your rights are not violated and your freedom is protected.
Getting the payment owed to you — Another reason to hire a lawyer is that, under SEC law, you are entitled to a certain payment should your information prove to be valuable. This payment can be between 10 and 30 percent of any money collected by the SEC due to your initial report.
As money collected can end up in the millions of dollars, plus additional bonuses later, it pays you to have a lawyer representing you that knows exactly what you are owed. Then goes out and makes sure you get it.
Getting a lawyer is as easy as having a free case evaluation — Another reason to hire an attorney before you contact the SEC is it does not cost you anything to do so.
Instead, most law firms that deal with whistleblower cases will meet with the person before they file an SEC report and give them a free case evaluation. The evaluation will tell you if your case is believed to be valid, and what you should do to proceed with it from here.
Even better, you can do this completely anonymously if you like, without having to give either your name or the name of the company you are planning to report to the SEC.