What Is a Whistleblower?
Video Summary: A whistleblower who will let authorities know about misrepresentations done by the company has protections under state law and under federal law.
A whistleblower, especially in the security's context, is an individual who blows the whistle on his or her company. You see them often with securities where there is a determination by an employee that the company has been misrepresenting a situation, misrepresenting the stock, misrepresenting the finances of the company or otherwise taking advantage of investors. In those situation a whistleblower who will let authorities know what's going on has certain protections, they have protections under state law and under federal law. If you think that you're a whistleblower and you've seen wrong doing, you definitely should contact our law firm, Shepherd, Smith, Edwards & Kantas. While there are laws to protect you, you need a lawyer to help to invoke the protection of those laws. There are also situations where a whistleblower can receive a part of a fine that would be levied against a financial institution if they alerted the regulator to the wrongdoing.