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Learn About Whistleblowers’ Rights from an Experienced Stockbroker Fraud Attorney

When stockbrokers and brokerage firms take advantage of their clients, they deserve to be held accountable. While the U.S. Securities and Exchange Commission (SEC) has the authority to investigate stockbrokers and brokerage firms, it can only take action when it has reason to suspect investor fraud. This is where whistleblowers come into play—and this is why federal law provides protection and compensation to those who come forward. If you are thinking about blowing the whistle, you should speak with a stockbroker fraud lawyer promptly.

Whistleblowers’ Rights in Cases Involving Stockbroker Fraud

The SEC operates one of the most active whistleblower programs within the entire federal government. It regularly works with whistleblowers to uncover stockbroker fraud and other violations—and it routinely compensates whistleblowers for their services. Over the past few years, the SEC has compensated dozens of whistleblowers, and in doing so it has issued some of the largest whistleblower awards in United States history.

Along with the right to compensation, whistleblowers are entitled to important protections as well. Unlike whistleblowers’ right to compensation (which only applies when the SEC pursues a successful enforcement action based on the information a whistleblower provides), these protections apply from the moment a whistleblower comes forward. Under federal law, individuals who blow the whistle on stockbroker fraud are entitled to:

  • Strict Confidentiality – Stockbroker fraud whistleblowers are entitled to confidentiality, and the SEC goes to great lengths to protect whistleblowers’ identities. The SEC is also one of only a few federal agencies that allow whistleblowers to come forward anonymously (through a stockbroker fraud attorney) and remain eligible for compensation.
  • Protection Against Retaliation – If you qualify as an SEC whistleblower, you will also be protected against retaliation in your employment. Brokerage firms and other entities are strictly prohibited from taking adverse employment action against employees based on their decision to blow the whistle.

If you have reason to believe that a stockbroker at your firm (or the firm itself) is defrauding investors, a stockbroker fraud lawyer at Zamansky LLC can help you make informed decisions about your next steps. We can determine if you qualify as an SEC whistleblower—and if you do, we can prepare your whistleblower complaint and communicate with the SEC’s agents and lawyers on your behalf. We represent all SEC whistleblowers at no out-of-pocket cost and maintain strict client confidentiality, so you have nothing to lose by consulting with one of our lawyers about what to do with the information you have in your possession.

Speak with a Stockbroker Fraud Lawyer at Zamansky LLC in Strict Confidence

Are you thinking about blowing the whistle on stockbroker fraud? If so, we strongly encourage you to contact us for more information. With offices in the heart of Wall Street, we represent SEC whistleblowers nationwide. To speak with a highly experienced stockbroker fraud lawyer at Zamansky LLC in strict confidence, please call 212-742-1414 or contact us confidentially online today.

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“Jake Zamasky and his colleagues represented me in a FINRA arbitration case against a large multinational bank and succeeded in obtaining an award for the full amount of my investment losses. I would highly recommend the Zamansky firm for their experience in securities litigation, their level of detailed research and case preparation, and their ability to effectively fight for what’s right.”

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“Throughout my entire case, Jake Zamansky was incredibly responsive and spent time walking me through each step of the process. He is professional and worked with my challenging schedule, even meeting with me nights and on weekends. He knew exactly which turn to take when it came to my case and yet was respectful of any decisions I wanted to make resulting in a positive outcome.”

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