Whistleblower Anonymity, Protection & Awards

Stockbroker Law - Friday, January 20, 2017
Whistleblower Anonymity, Protection & Awards

Whistleblower Blog Post

An Attorney for Whistleblowers

Securities Whistleblower Incentives and Protection (15 USC 78u-6)

The Federal Securities Whistleblower Incentives and Protection Statute is contained in 15 USC § 78u-6. This statute provides qualified whistleblowers the right to claim monetary remedies pursuant to its terms. Whistleblowers who provide original information in a covered judicial or administrative action brought by the Securities Exchange Commission under the securities laws that result in monetary sanctions exceeding $1,000,000.

The independent knowledge or analysis of a whistleblower made known to the Commission as the original source of information of fraudulent activity may afford a Whistleblower access to compensation from any monies, penalties, disgorgement, interest, court order payments and monies deposited into a disgorgement fund pursuant to the Sarbanes – Oxley Act of 2002 (15 USC 7246). Awards under the Whistleblower provision can range from 10% to 30% of the monies collected by way of monetary sanctions imposed in the action or related actions.

Importantly, Whistleblowers are also offered the opportunity to file Whistleblower complaints anonymously through counsel without having to expose their identity to their employer during the during time frame of the investigation and related proceeding process associated with a Whistleblower claim.

Additionally, Whistleblowers are afforded protection against retaliation including discharge, demotion, suspension, threats, harassment and any other discriminatory action which a whistleblower might face in the event their involvement with a Whistleblower proceeding is made known.

Are you a whistleblower? Do you want to talk about the Whistleblower process? We offer a free confidential initial consultation to Whistleblowers who feel they may have a viable claim entitling them to recovery. For a free initial consultation contact the Law Offices of Timothy J. O'Connor at (518) 426-7700.

 
Read More

Looking for Your Lost Retirement Account?

Stockbroker Law - Thursday, January 05, 2017
Looking for Your Lost Retirement Account?



 

Read More

Problems at the Family Office

Stockbroker Law - Wednesday, November 30, 2016
Problems at the Family Office

The past decade has seen an explosion in the number of family offices set up by families seeking to coordinate and organize family wealth and assets, as well as issues involving the intergenerational transfer of family legacies. This growth in family offices in turn has given rise to the assessment of what the duties are of the family office, manager and individuals employed by a family office to oversee all categories of duties which family offices are supposed to perform. Unfortunately, many family offices have seen family fortunes dissipated through poor investment advice, mismanagement and fraudulent activities, including theft and embezzlement. We are seeing these cases in our practice here and it is a worrisome trend indeed. 


Read More

Fraud Victims Allowed to Proceed with Theft, Embezzlement and Fraudulent Diversion of Investment Funds Claims

Stockbroker Law - Friday, November 04, 2016
Fraud Victims Allowed to Proceed with Theft, Embezzlement and Fraudulent Diversion of Investment Funds Claims

In a Decision dated November 3, 2016, in the case of Taylor v. Casolo, the New York State Supreme Court, Appellate Division, Third Judicial Department affirmed Supreme Court’s ruling disqualifying counsel for several defendants in a case alleging the purchase of real property with fraudulently diverted investment funds.  The property in question includes the former Davis Motel Property in the Town of Schroon on the shores of Schroon Lake, Essex County, New York, in the Adirondack Park.  The plaintiffs are being represented by the Law Offices of Timothy J. O'Connor. 


Read More

O’Connor Law Offices Successful in Dismissing Civil Rights Claims in Whistleblower Case

Stockbroker Law - Tuesday, October 18, 2016
O’Connor Law Offices Successful in Dismissing Civil Rights Claims in Whistleblower Case

In a decision dated October 14, 2016, in the case of Collins v. Roe the United States District Court for the Northern District of New York dismissed the claims of the plaintiff against two individual defendants claimed to have been involved with the violation of the plaintiff’s civil rights and free speech in a retaliatory discharge claim filed by the plaintiff.  


Read More

Recent

Blog Posts

Blog Post

Archive

Investment & Broker
Misconduct

Investment Misconduct

Whistleblowers
 

Whistleblowers

Private Company
Disputes

Private Company Disputes

Personal
Injury

Personal Injury