The Whistleblower Law Collaborative focuses on representing whistleblowers nationwide. The firm is committed to leveraging the resources, knowledge, skill and experience of two respected law firms as it sets the record straight by holding companies responsible for the damage caused by SEC violations.
Federal and State Securities and Trading Laws
A security is an investment in a company with the expectation of profits from the entrepreneurial efforts of others. Common types of securities include stocks, bonds and certificates of deposit. Federal securities laws attempt to protect citizens from investing in fraudulent companies by full and fair disclosure of risk information. The Securities and Exchange Commission (SEC) oversees and enforces the statutes and regulations that comprise federal securities laws. On the state level, a securities commissioner is responsible for overseeing and enforcing the Blue Sky Laws, which establish standards for offering and selling securities.
The Enron scandal and the widespread mortgage and banking fraud that played a significant part in the recent great recession are examples of SEC violations. The investing public was not provided with the information needed to make wise financial decisions. Because the practice was effectively widespread and, in some ways, systemic, the consequences were devastating enough to convince Congress and President Obama to sign the Dodd–Frank Wall Street Reform and Consumer Protection Act into law. There are whistleblower provisions incorporated in the Dodd–Frank law which protect and assist individuals reporting SEC violations such as the failure to disclose material risk or material information.
Investment-based fraud can occur in other areas of the market such as the futures and options markets. The Commodity Futures Trading Commission (CFTC) encourages whistleblowers who know of such misconduct to come forward.
Anti-Bribery Law Violations
Companies and individuals doing business overseas are required to comply with the federal Foreign Corrupt Practices Act (FCPA) and other anti-bribery laws. In short, they are not allowed to bribe their way into a foreign contract. Violation of these laws can result in securities and trading fraud.
Contact the Whistleblower Law Collaborative
The lawyers at Thomas & Associates and Durrell Law Office have joined forces to create the Whistleblower Law Collaborative. The firm serves clients nationwide. Call toll free at 877-341-5952 to arrange a free initial phone consultation with an experienced nationwide securities fraud attorney located in Boston, Massachusetts.