Do you work in the financial industry? If so, you know one thing to be true: there is a lot of money changing hands at all times. While most people and companies work within the legal limits of the law, this not always the case. For this reason, there are laws in place to protect the well being of the industry.
For example, the Sarbanes-Oxley Act of 2002 mandates that companies selling securities and stock to the public are required to accurately report their financial status. This may not sound like a big deal, but here is what you need to know: some companies will bend the rules, hoping to make their company look better to the public.
As an individual in this industry, you could come across wrongdoing at some point. This could include anything from illegal transactions to fraudulent reporting practices. A violation of the Securities and Exchange Commission regulations is a big deal, which is why you may consider blowing the whistle on the appropriate party. This often means filing a qui tam lawsuit on behalf of the federal government.
If you initiate a lawsuit and money is recovered, you may be eligible to receive up to 35 percent of the total amount.
Our law firm has many years experience dealing with qui tam lawsuits. We know the ins and outs of the Sarbanes-Oxley Act, as well as how to pinpoint SEC violations.
You can learn more about this subject matter by visiting our website and blog. Start your search on our “Boca Raton Whistleblower Attorney” webpage. It is here that you can learn more about your rights.