How May the New Securities and Exchange Commission (SEC) Whistleblower Program Benefit Investors?

 

A: The SEC Office of the Whistleblower encourages those in the know to report investment fraud or securities fraud so that the government can end the misconduct early and try to protect investors. The SEC whistleblower program is set up so that the whistleblower does not have to report the alleged misconduct internally before informing the government. This may be helpful if it is thought the company may try to cover up the fraud or further harm investors.

While the program may end suspected fraud earlier and impose stiff penalties on those who break the law, it is not necessarily designed to provide harmed investors with a financial recovery. Often, investors must contact an experienced Cleveland stockbroker fraud attorney in order to pursue a recovery.

The Law Firm of Meyer Wilson is the only Ohio law firm that is exclusively dedicated to individual investor claims and class actions. Our Cleveland stockbroker fraud lawyers have successfully represented investors all throughout the state in securities arbitration, mediation, and litigation claims against the stockbrokers, brokerage firms, and financial advisors.

For more information, and to schedule a free consultation with an experienced Ohio investment fraud attorney, please call us today at 614-224-6000 or toll-free at 1-866-827-6537.