The SEC Whistleblower Program
The SEC Whistleblower Program was instituted to provide citizens the ability to be able to report unethical activities involving trades that are hurting the industry. Too many people in the past who were witness to such activities were always afraid to step forward for fear of being exposed by piers or coworkers as a tattletale or a snitch. This can not only hurt the industry as a whole, it can cost investors in the long run. here are just a few of the benefits of utilizing the SEC Whistleblower Program.
Saving Investors Money
One of the biggest benefits of the sec whistleblower Program is that investors are not subject to losses because of others who are gaming the system. When an investor is cheating the system, the money has to be recovered by raising handling fees across the board for investors. By exposing these cheats, you save everyone those additional fees that are applied to all brokerages to make up the difference in the monies that are lost.
Getting Significant Reward Money
If the person or company that you report for cheating on the system is brought to justice and prosecuted, you will receive a sizable reward for your help. In most cases, a whistle blower will receive a reward of 10% of the amount that the investor was responsible for stealing or cheating the system out of. If the money recovered in significant, the reward can be quite large. This money is taken out of the money recovered and will help to curb others from wanting to cheat the system.
Saving Investors Money
One of the biggest benefits of the sec whistleblower Program is that investors are not subject to losses because of others who are gaming the system. When an investor is cheating the system, the money has to be recovered by raising handling fees across the board for investors. By exposing these cheats, you save everyone those additional fees that are applied to all brokerages to make up the difference in the monies that are lost.
Getting Significant Reward Money
If the person or company that you report for cheating on the system is brought to justice and prosecuted, you will receive a sizable reward for your help. In most cases, a whistle blower will receive a reward of 10% of the amount that the investor was responsible for stealing or cheating the system out of. If the money recovered in significant, the reward can be quite large. This money is taken out of the money recovered and will help to curb others from wanting to cheat the system.