SEC Fraud Whistleblower Lawsuits or SEC Bounty Actions are a product of the enactment of the Dodd-Frank Wall Street Reform and Consumer Protection Act. These laws were designed to create bounties that can be collected by whistleblowers that properly report Foreign Corrupt Practices violations, illegal brides, kickback schemes, money laundering, SEC violations, international financial fraud, securities fraud, and commodities fraud that result in monetary sanctions over one million dollars ($1,000,000.00). The SEC can award the whistleblower up to 30% of the money collected.
By creating whistleblower bounties for investors and people with specific information of fraud, it is expected that hard to detect fraud will be exposed to help regulate the financial market and prevent large investment corporations, banks, hedge funds, and other large corporations from committing financial fraud of billions of dollars. Further, new whistleblower protection laws allow potential whistleblowers to confidentially report potential bounty actions through a lawyer. These protections allow professionals to protect their identities and career while having a potential bounty action reviewed.
The Foreign Corrupt Practices Act (FCPA) prohibits bribery of foreign officials by U.S. and foreign companies listed on the U.S. securities exchange. The FCPA also requires such companies to maintain accurate books and records. Foreign Corrupt Practices Act Whistleblowers that properly report violations of the FCPA by a U.S. or foreign company listed on the U.S. securities exchanges can recover a large reward for exposing FCPA violations.
If you are aware of a significant Foreign Corrupt Practice Act violation, please feel free to contact Foreign Corrupt Practices Act Whistleblower Reward Lawyer Jason Coomer via e-mail message or go to the following web site: International Illegal Bribery Schemes and International Whistleblower Reward Information