Professionals employed in the Financial Services Industry
have led many initiatives in restoring transparency and honesty to the
financial markets, thanks to protections afforded by the SEC’s recently-enacted
whistleblower protection procedures.
Investment and financial professionals faced with the stressful
situation of reporting securities law violations and other wrongdoing are
afforded job protection, as well as financial remedies and damages, in the
event of an adverse reaction on the part of their employers against whom they
have reported wrongdoing.
The whistleblower reporting requirements include the filing
of a TCR form with the whistleblower unit of the Securities and Exchange
Commission in Washington DC. Other
additional approaches which can be pursued simultaneously include reporting
notices of wrongdoing to the various respective regional offices of the
Securities and Exchange Commission and the United States Department of Justice,
including disclosures to the various United States Attorney’s Offices in the
various and several United States District Courts throughout the United States.
The enhancements of the recently-enacted whistleblower
provisions include 2 x back pay with interest, employment position
preservation, legal fees, and expense reimbursement, as well as monetary awards
ranging from 10-30% of monetary sanctions collected by the SEC against firms
determined to have engaged in wrongdoing.
We offer a free consultation to financial professionals who
feel that their employment positions and associated compensation have been
harmed as a result of their involvement with the reporting of wrongdoing in the
The Law Offices of
Timothy J. O’Connor is one of the only law firms practicing securities law in
the Tri-City Capital District of