SEC Whistleblower Rewards for Reporting Inflated Key Performance Metrics
If I report my company’s inflated key performance metrics, can I qualify for an SEC whistleblower reward?
According to the rules of the SEC Whistleblower Program, when someone discloses information regarding a company’s falsely inflated key performance metrics they are able to qualify for a whistleblower award. The amount of the award can be in the amount of 10%-30% of the sanctions that is collected by the SEC. This white paper reviews enforcement action for inflated key performance metrics.
Jason Zuckerman litigates whistleblower retaliation and rewards, wrongful discharge, and other employment-related claims, and authors the Whistleblower Protection Law Blog. His broad experience includes serving as Senior Legal Advisor to the Special Counsel at the U.S. Office of Special Counsel, the federal agency charged with protecting whistleblowers in the federal government. In 2012, the Secretary of Labor appointed Zuckerman to serve on the Whistleblower Protection Advisory Committee, which makes recommendations to the Secretary of Labor to improve OSHA’s administration of federal whistleblower protections.
Matthew Stock is an associate at Zuckerman Law, where his practice focuses on representing whistleblowers in whistleblower rewards and whistleblower retaliation cases. Mr. Stock has audited a broad range of industries, both domestically and internationally, including large public companies and financial institutions. He uses his auditing experience to help IRS, CFTC and SEC whistleblowers investigate and disclose complex financial frauds to the government.
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