How to Protect Yourself After Providing a Tip to the SEC

When you have witnessed someone committing securities fraud, it is crucial you report the violation of securities law to the SEC. The securities and exchange commission will take action and prosecute the perpetrator.

While reporting a crime is the right thing to do, you should know that there are consequences. For starters, your employer or supervisor may retaliate against you. If it is discovered that you snitched, you may be fired. You can even be demoted or transferred to a different department that nobody wants to work in. It is important you learn how to protect yourself after providing a tip to the SEC. After all, the SEC may even decide to come after you instead of going after the main suspect.

The SEC Whistleblower Program provides a cash reward to whistleblowers who provide information that lead to the successful prosecution of suspects and financial sanctions. If the financial sanctions exceed a million dollars, whistleblowers can expect to get fifteen to twenty-five percent of the recovered amount as a cash reward.

If you have been fired after providing the SEC with a tip, the cash reward will ensure you can live a comfortable life. After all, getting another job in the industry will be next to impossible when employers find out that you have previously tipped off the SEC. The following will help you to protect yourself after tipping off the SEC:

1. Hire a Whistleblower Attorney

The SEC does not have your interests at heart. You should know this beforehand. Therefore, you need to take care of yourself by hiring an experienced whistleblower attorney. The ideal lawyer should have a lot of experience helping clients report securities violations to the Securities and Exchange Commission. They should also have a great reputation in the industry, like SEC whistleblower lawyer Stuart Meissner.

2. Use Anonymity

When tipping off the SEC, you should consider protecting your identity to ensure you do not experience employer retaliation. You can remain anonymous through an arrangement between your attorney and the SEC. This will not prevent you from being an effective witness. It will also not prevent you from getting the cash reward that whistleblowers are entitled.

3. Understand State Law

Before you blow the whistle, be sure to read your employment contract, state employment law, federal employment laws, as well as the SEC whistleblower rules. This will help to ensure you know what you are getting into. You do not want to report a crime and end up getting sued by your employer for breach of contract, among other things. That said, having a competent lawyer by your side will ensure that you are not left exposed when you tip off the SEC about violations of securities law by your employer or colleagues.

Phoenix Injury Statistics

Injury is a physical trauma done to the body usually caused by an outside force. That external force could be courtesy an accident, hit, fall, weapon, etc. A car accident is one of the major reasons for severe injuries. Irresponsible or reckless driving can be quite dangerous. To provide you some perspective, the following are some Phoenix road accident facts.

Why Learn About Car Accidents?

There are certain places, times, and circumstances under which road accidents are likely to happen. While you may not always be able to stop a car accident from happening, you could decrease your likelihood of being in such an accident if you know the causes. By reviewing car accident statistics in Phoenix, you would discover the types of irresponsible driving behaviors that could lead to injuries and accidents

Types

Most common accident type in Arizona is accidents involving vehicles in transport. The second most common type involves stationary objects followed by accidents with non-stationary. A major portion of the accidents (more than six thousand) belonged to an unknown category.

Top Causes

As per the NHTSA (National Highway Traffic Safety Administration), major reasons for car accidents in Phoenix include:

  • Speeding
  • Driver fatigue
  • Drunk driving
  • Running red lights
  • Distracted driving
  • Aggressive driving
  • Inclement weather
  • Traffic congestion
  • Roadway defects

More than 4,800 accidents involving cars on Arizona roads had an alcohol connection. Of those, more than 280 involved fatalities. While crashes caused due to alcohol consumption accounted for approximately four percent of all crashes in the state, they accounted for close to a third of all fatal accidents.

The day of the week and time of the day also factored into these accidents. In 2017, most car accidents happened on a Friday, between 5 and 6 p.m. The most fatal accidents happened between 8 and 9 pm on the same day. January 20, 2017 saw the most crashes per year at 640.

Holidays are one of the most dangerous times to travel; the Thanksgiving travel period (November 22 to 27, 2017) witnessed 16 fatal crashes, which is the most for any holiday. The New Years period (Dec 30 to Jan 3, 2017) saw 12 fatal crashes and the Christmas travel period (Dec 22 to 26, 2017) had 11 fatal accidents.

Statistics

2017 saw more than fifty-five thousand injuries and close to one thousand deaths due to vehicle crashes in Arizona where 226 pedestrians also died due to these crashes. 1,700 crashes involved pedestrians—over 1,500 of them happened in urban areas. Moreover, about eighty-five percent of all pedestrian accidents led to injury of some type.

People in the twenty-five to thirty-four year age group were killed and injured the most due to these crashes and individuals in the thirty-five to forty-four year age group were the second most. Men dominated both the categories, having more injuries and deaths than women.

The state’s total economic losses during the period due to vehicle crashes were more than ten billion dollars, and Phoenix had contributed to that loss significantly.  

As far as death or serious injuries go, vehicle drivers were much more likely to suffer compared to pedestrians or passengers. Adolescents and young drivers are more likely to be involved in a car accident on Phoenix roads.  

If you were part of a car crash in Phoenix, Arizona, contact the Law Offices of Michael Cordova to stay clear on the legal side of things.

Finding the Right Lawyer May Be Key to Your Injury Case

It’s always important to work with a lawyer who is knowledgeable, experienced, and approachable, although finding the right lawyer may be key to your injury case and often the difference between winning or losing your case.

Many people who have been injured understandably don’t want to pay for the services of an attorney, and it’s also tempting to believe you can handle things yourself, especially if you have a clear case. If you are only slightly hurt or there is minor damage to your vehicle in a car accident, it’s realistic to handle your case yourself, if you have at least a basic grasp of the system. However, statistically those who use the services of an accident attorney are typically awarded a higher settlement than people who don’t. This is partly because the insurance companies are forced to take the issue more seriously than they might otherwise have done, and partly because a competent attorney is often able to find more compelling evidence to support your case.

As a general rule, if you have a serious injury, are looking at very high medical bills, or there’s potential for a large amount of lost wages, it makes sense to hire a personal injury lawyer. Along the same lines, a long-term or permanent injury or one that is potentially life changing also means that working with a good lawyer would be a smart move.

Another occasion when you should work with a personal injury attorney is when the other party’s insurance company is disputing your claim or reluctant to blame their client. The other party’s insurance company may have a team of lawyers or experts on their side, which can be intimidating; you may well be pressured into accepting a lower compensation amount or even giving up your claim altogether.

It’s worth remembering that the typical insurance company doesn’t want to pay out unless they absolutely have to; their strategy is often to question or contest any claim—a process that can be frustratingly slow. Your attorney may be able to speed up the process so that a decision in your case is made sooner, rather than later, and will make a point of keeping you updated on the potential outcome.

Of course, the goal of your personal injury lawyer is to help you to win your case and to try to secure the largest settlement amount possible. In addition, a good personal injury lawyer will liaise with the other party’s insurance company and take care of any paperwork or other requirements, so you don’t have to.

If you have never had to deal with a personal injury claim, or insurance company claims, it can be confusing and frustrating; it’s easy to feel your claim is not being taken seriously. In short, you are paying for your attorney’s knowledge of the system, their expertise, and to have the support and advice of someone throughout the entire process—a process that can take weeks or even months.

The requirements can also vary between states; dealing with a personal injury lawyer at Anderson and Anderson, injury attorneys means you will always receive the most up to date and relevant advice. If you need a good personal injury attorney, take advantage of the free consultation that’s offered by most lawyers. It gives you a chance to ask questions and discuss your case, and to make sure you work with someone that’s right for you. Another effective strategy is to get recommendations from family or friends, or even from your state bar association. Just remember, to increase your chances of a favorable outcome, it’s important to work with someone with relevant personal injury experience.