Sometimes, doing the right thing can be complicated, especially when dealing with the business world. You might have noticed, for instance, that your employer is engaging in some activities that may not be entirely legal. Their actions may not just be unethical, but they could also harm you.
You’ll have a chance to blow the whistle when your company is engaging in securities law violations, but you’ll need to know what to do first. You’ll want to make your tip useful and maximize the potential award you might receive. As such, make sure you follow these steps to prepare for a whistleblower tip.
Providing Original Information
A whistleblower is a person who provides original information that helps the Securities and Exchange Commission, or SEC, stop violations and unethical business practices. That original information will be the key to a strong tip.
That means your information must be obtained from your independent understanding and evidence from the workplace. This information includes anything that the SEC is not aware of, nor is it public knowledge.
For example, you might suspect that your boss is bribing other businesses for better business deals. You might have witnessed them discussing a bribe, for example, among other signs that something is wrong. That information may be original enough to help the SEC stop them.
Evidence for Your Claim
Once you believe you have useful information for the SEC, you’ll need to contact the SEC whistleblower hotline to report it. A lawyer can help you gather your evidence, prepare your tip, and understand when and how you’ll receive an award.
Your whistleblower attorney can help you gather any evidence you have for your tip, which should support the claims you’re making in your tip. For example, you might have recordings of suspicious conversations, or you might have proof of financial logs that don’t match up with official or public records.
That evidence may be key to your whistleblower tip. As such, you may need a lawyer to help you organize the information and make sure you have enough proof for your tip.
Get a Lawyer to Protect You
When you suspect that your employer is engaging in illegal or unethical activity, it’s important to act quickly and protect yourself. If not, you could face penalties for being a part of that company, too, if someone else comes forward.
Fortunately, the SEC wants whistleblowers to notify them about securities law violations. That means you might get, not only protection from penalties or retaliation, but also an award for coming forward with useful information. As such, it may help you to blow the whistle on securities violations, even if you’re concerned about the consequences.