All You Need to Know about the SEC Whistleblower Program

The SEC whistleblower program was initiated to allow for eligible whistleblowers to get rewards for providing information that leads to enforcement of SEC actions. The whistleblower was enacted by the congress to help the government fight violation of security laws as well as financial fraud. Since the establishment of the SEC Whistleblower office, many investment fraud schemes have been uncovered. Additionally, it has haltered fraud considerably. With more than 22,000 tips, $1.5 billion have been earned through SEC information actions as wrongdoers’ monetary sanctions. Out of the $1.5 billion, $322 million has been paid to whistleblowers as awards.

Fundamentals

Markets have been permeated with corporate scandals in the wake of the global financial crisis. Private individuals had to come to salvage the situation as law enforcement couldn’t watch the marketplace efficiently on their own. In 2010, the SEC Whistleblower program came into existence with the aim to provide monetary awards, employment protections as well as anonymous reporting.

Eligibility

You are eligible to participate in this program regardless of citizenship with a few exclusions or qualifications. Employees are now empowered to report on misconduct without fear of retaliation. This is because they can report anonymously.

Anonymous reporting

Anonymous reporting had to be allowed to enable law enforcement as well as regulatory authorities to get actionable intelligence. To be able to report anonymously, you should have a SEC Whistleblower advocate who will represent you. The attorney will have a copy of your submission which is signed as required by law. The advocate or rather attorney will authenticate your identity and submit the information to the SEC. Essentially, he or she will act as an intermediary between you and the SEC. He will push for the highest possible monetary reward in the event of a successful enforcement action.

Employment protections

Before the enactment of the SEC whistleblower law, employees found it difficult to report on securities violations. The concerns surrounding loyalty, being a team player and security made employees hold back from blowing the whistle on their employers. This program came to level the playing field.

The law protects employees from any kind of retaliation from employers in case they blow the whistle. It entirely protects an employer regardless of authenticity of the securities violations allegations. It doesn’t matter if the information could lead to a successful enforcement action. If an employee believes that an employer is retaliating against him or her for tipping the authorities, the employee has a right to immediately initiate a lawsuit against the employer in a federal court. The employee can receive the following remedies upon a successful lawsuit; double back pay with interest, attorney fees, reinstatement and other litigation expenses.

Monetary rewards

The total penalties associated with SEC enforcement actions exceeds $1 million. A whistleblower is entitled to between 10% and 30% of the proceeds gained from SEC enforcement actions. A whistle blower is entitled to other additional awards including monetary rewards from monetary sanctions received from other law enforcement actions as well as regulatory organizations. The rewards are dependent on the significance of information provided, the interest of law enforcement to make an award, the assistance provided as well as participation in internal reporting systems. Some of the factors that could reduce an award include whistleblower delay to report, interference with reporting systems and international compliance as well as whistleblower culpability.

 

 

The Austin Parks and Recreation Recycling Task Force and Rick Cofer

Austin’s Parks and Recreation Recycling Task Force has recommended a number of ways Austin citizens can most efficiently recycle. The Austin instituted RRTF to the end of implementing ways to help reduce waste in the city by 90 percent by 2040. This was seen as an important initiative after the council found that recycling was one of the lowest areas of efficiency in the city. The task force has presented two plans: A one year plan that would cost the city $1.3 million or a two-year plan that would cost it $802,500.

 

Both plans involve the purchase and installation of 800 receptacles and 900 signs; the hiring of a recycling program coordinator, parks ground specialist, and temporary employees; public education; and ongoing collection and hauling services. In October 2016, it tentatively started working on the preparations for this plan. It currently oversees 20,000 acres of land, 51 aquatic facilities, 26 recreation, and senior centers, and 700 employees. The plan will be started in earnest after the city has approved the plan. The task force is chaired by Rick Cofer.

 

For a decade prior to taking up this role, Cofer has led the Law Office of Rick Cofer since 2008. During that time he has handled thousands of felony, misdemeanor, and juvenile court cases. He has also had a vast amount of experience handling DWI, assault, family violence, drug possession, theft, and juvenile charges. He is active with much of Austin’s work. Besides its Parka and Recreation Task Force, Cofer helps lead the Kind Clinic, Pease Park Conservancy, Ending Community Homelessness Coalition. He has also been active in service of the Democratic Party on local, state and national levels for more than ten years.

 

When he is not busy in his professional or civil work, Cofer enjoys spending time in the great outdoors with his dog, Lady Bird. He plans to soon adopt a second dog which he will name Truman.

 

 

 

 

https://www.facebook.com/rickcoferlaw/

How SoftBank Group Acquired Fortress Investment Group

Late in 2017, a press release was issued regarding the SoftBank Group’s acquisition of Fortress Investment Group. This acquisition was a long time coming, and had been discussed earlier in the year by shareholders. The transaction was agreed upon by all shareholders, and it was completed by December 2017. Why did SoftBank Group seek to purchase the Fortress Investment Group?

The sale totaled $3.3 billion dollars in cash. That number is rather large considering that the investment group was considered to be one of the top investment groups in the country. The close of the transaction transferred all of the shares into the name of SoftBank Group, however the daily operations of the investment group would not change. There were outstanding shares in the Fortress Class A shares which were converted into a price of $8.08 per share. These shares were distributed according to a proxy that was agreed upon by all shareholders.

What happened to the stocks that were once under the name of Fortress Investment Group? All of those listed on the NYSE would now fall under the name and stocks listed for SBG. SBG also agreed that the outcome of this transaction as well as the impact of the transfer of stocks would be announced when necessary. There was also no change in regards to the partners. Randal Nardone, Peter Briger, and Wes Edens would all continue their work as usual.

The SoftBank Group has been what the industry calls a major player in the technology marketplace. With the increase in information overload and new ways of segmenting this information, the company wanted to get their piece of the pie by focusing more on funds that were tech driven. Needless to say, their acquisition of Fortress Investment Group was an unusual investment for them, and somewhat outside of their usual interests.

This was a step in the right direction to diversify their funds, and potentially carry business in real estate investments and other areas as well.

To know more click: here.

Lawrence Alioto Joins Madison Street Capital As The Managing Director For The Capital Markets Department

Madison Street Capital has for the past few years recorded an increased demand for their services by technology companies. This informed their decision to bring on board Lawrence Alioto as the new managing director for their capital markets departments. Alioto has extensive experience with the capital markets as well as dealing with technology companies and Madison management, therefore, believes he will play a critical role in helping the brand solidify its operations and attract more clients within this niche.

 

What makes the perfect candidate for this post?

 

Lawrence Alioto has more than three decades of active experience in both the capital markets as well as dealing with the technology industry players. His career started at the floor of Chicago mercantile exchange where he used to trade options and currency futures. Visible prowess in the trade saw him tapped by PaineWebber in San Francisco.

 

He would later serve in the business development and private equity financing departments of technology companies in California. In 2004, he joined hands with other like-minded business developers and starting VeriTainer Corporation, where he served as president.

 

Most recently Alioto helped different technology brands redefine their business development agendas and source for finances. His rich industry experience in business financing, development and governmental affairs like compliance make him a perfect fit for the job.

 

Acceptance remarks

 

While acknowledging the appointment, Alioto mentioned that the rapid advancements in the technology industry have presented it with unique challenges. He also appreciated the role Madison Street Capital has been engaged in, by providing middle-market companies with an opportunity to blossom into major industry drivers and innovators. The experienced business leader concluded by expressing his excitement to join and help Madison capital navigate these challenges.

 

About Madison street capital

 

Established in 2005, the investment banking firm has gone on to become one of the most successful outfits in the country and internationally. This has seen the Chicago-based firm open up new offices and operating bases in North Africa and Asia. Locally, Madison Street Capital is currently searching for office space in Austin as the City gears up to become the next technology hub in the country.

 

Madison takes pride in their deep experience and understanding of the major facets of corporate finance and governance. Some of their key strengths here include representing brands during mergers and acquisitions and helping with deal structuring and valuations as well as sourcing for specialized financing or offering alternative exit strategies. By offering a global view to local businesses, Madison Street Capital has not only posted numerous success stories but is now considered an industry leader and influencer.

 

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Dr. Sameer Jejurikar Is Working Towards Obtaining His MBA

Dr. Sam Jejurikar is a highly celebrated surgeon int he United States working out of Texas today. He is a board-certified surgeon that has proved himself to be a prominent surgeon in the industry as well as a member of his community. Dr. Sameer Jejurikar has more than a decade of experience behind him and is admired by many of his clients for his hospitality. Sameer has a passion for his work and he feels even worse than his patients when he fails to meet their expectations.

Sam Jejurikar has extensive experience in the cosmetic industry as a surgeon and is capable of performing nearly all aesthetic surgeries for his clients at his practice in Dallas. Sam’s area of expertise is usually the face and breasts. Sam Jejurikar is not only a skilled cosmetic surgeon, but he is widely admired by his colleagues for his ability to produce near natural looking results with all of his patients. While there are many surgeons out there that take a less desirable approach to their surgery, Sameer Jejurikar never cuts any corners and always makes sure his clients know exactly what they want, what they are getting, and then he gives them exactly that. Top that off with understanding, kindness, and bedside manner that could make the scrooge start laughing, it’s easy to see why Sameer Jejurikar is such a celebrated surgeon.

Despite being an accomplished cosmetic surgeon, Sameer Jejurikar is going back to school to further his education. Specifically, Sam wants to complete his Masters in Business Administration which he will be earning from the Southern Methodist University located in Texas. According to Sam, he is always on the pursuit of more knowledge and furthering his own skills, which is why he chose to go for his MBA. Once completed, more opportunities will be open to Sameer, especially on the business side of things.

Find out more about Sameer Jejurikar: http://www.linkedin.com/in/sam-jejurikar

What Joining NASDAQ Means for Upwork

When Upwork started, the company had no idea it would reach the level it’s at now. More people work on the platform than ever before and that’s an important part of the function the company has in the community. More people are on the platform and more people have a chance to enjoy everything there is to offer. There are many experiences that allow more people the chance to try different things and that’s what helps them grow. Upwork keeps getting bigger and they cater to a lot of employers as well as contractors. They want to reach out and help more people find the work they need. They work by allowing more people to try different things and giving them the chance to experience more no matter what they’re interested in. The company tries helping more people have a better understanding of virtual work.

No matter what a company needs, they might find it on Upwork. The company works to help people connect with contractors. Whether they need someone to create virtual content, someone to write for them or someone to do things that could help them reach more customers, companies can find it on Upwork. They can also grow their business to reach more people thanks to the hard work they put into it. It makes sense for Upwork to cater to employers since they want them to look for contractors on the site. If people who need to hire others have a chance to do it for free on Upwork, they’ll be more likely to use the platform.

Contractors don’t get quite the same treatment on Upwork as employers. The company makes it so contractors must pay for the work they do. They have fees they must pay, but it gives the contractors a chance to connect with people they might normally be able to connect with. By paying the fees to get paid and to list themselves, they have less to worry about when it comes to sourcing new work. It also gives them an exclusive place to work from so they can find more employers willing to hire them.

Robert Ivy And The Impact Of The American Institute of Architecture

At the American Institute of Architecture members of the professional society will be granted access to all kinds of benefits that will help them grow into the architects that they dream of becoming. As a professional society, the AIA is one of the top resources that aspiring architects can turn to after leaving school in order to chase their career path. Unlike other fields, architects need to take advantage of opportunities when they present themselves. The field of architecture is notoriously small and breakthroughs can be difficult. For that reason, Robert Ivy is touting the AIA and pushing members to give the professional society a chance. Visit the website Architectural Record to learn more about Robert Ivy.

While going to school and attending on-the-job training will help you prepare for your chosen career, there is no substitute for the value that membership in a professional society will provide. Robert Ivy is the CEO of the American Institute of Architecture and he is one of the leading voices in the field of architecture altogether. With that being said, Ivy knows that not enough people understand or are aware of the values that a professional society can provide. In fact, many people don’t even know what a professional society is!
View: http://architecture.tulane.edu/news/2018/04/article-3069

A professional society is similar to a trade organization or a union but not completely. Professional societies like Robert Ivy and his American Institute of Architecture are more focused on providing aid and assistance to specific people rather than entire corporations. Professional societies seek to take these aspiring career architects in order to help them follow the proper path to the top of their industry.

At a professional society, members will be able to benefit from all manner of different perks. Professional societies are excellent places for architects to go in order to meet the big names in the industry in their community. Professional societies are excellent networking opportunities because the people at the top all started out at the bottom. Additionally, this networking opportunity will also provide future job opportunities for people who make a good impression and continue their hard work. Robert Ivy believes in the power of the professional society and you should too. Learn more about Robert Ivy at zdnet.com.

Paul Mampilly- Invest in Tesla, ignore Musk

Tesla is currently an embattled company. The tussles seen between the founder, Elon Musk, and the SEC is taking the company on the wrong path. Investors are worried about the direction the company will take going forward. Elon Musk has been pointed for making some utterances that have not sat well with the investors in this company. He has talked about taking the company back to private operations, something that has led to a significant decline in the stock process. Going by the reactions coming out from the investors, they need the executive to show the direction is going to take clear and avoid the social media utterances which leave them convinced. Some utterances are however wondering how bad the utterances of the founder can be. Some are trying to draw a comparison between the utterances and the performance of the company.

One thing is sure about Tesla; it is a company that has been built on a strong foundation. It is a company that cannot go down easily even without Elon Musk. According to Paul Mampilly, a prominent investor in the United States, investors should ignore the utterances of Elon Musk and concentrate on growing the company. The idea behind Tesla is brilliant and the company is showing a good indication of outdoing expected production capacity. The fact that they are beating the expected production of 100,000 cars is an indication that the company is doing very well.

Who is Paul Mampilly who we should all believe? Paul Mampilly for those who have not yet heard about him is one of the people who has been in the financial sector for a long time. He has mastered the art of investing and is now a key player in the business. He knows when a good investment opportunity is available in the market and when there is none. He is one of the people who should be taken seriously. He does not make haphazard decisions. Everything he does is after keen consideration. Paul Mampilly is a graduate of the Fordham University, with a degree an MBA. He is a former hedge fund manager of the Kinetics Asset Management.

The Game Changing Merger of Talos Energy

Talos Energy LLC is a highly experienced off-shore exploration and petroleum production company, based in Houston, Texas. Talos has many years of experience using state-of-the-art technology in the Gulf of Mexico. In fact, the company has a deep knowledge and expertise in oil and natural-gas exploration as well as extraction in the Gulf region. The years of experience have endowed the company with unparalleled knowledge, specifically in the Gulf of Mexico region.

Recently, Talos Energy merged with Stone Energy to create an oil exploration company that is slated to become a game changer of sorts. The new company will be traded on the New York Stock Exchange as “TALOS”. CEO Timothy Duncan has said that this merger will give shareholders an opportunity to invest in a company with great “scale and liquidity.” After the merger, the company is now known as Talos Energy Inc. Stone energy used to be headquartered in Lafayette, Louisiana and its primary area of interest were in the Appalachian basin and the Gulf of Mexico.

The primary reason for the significance of the merger between Talos and Stone Energy is the big increase in the acreage footprint available for exploration. The total amount has increased to 12 million acres. A portion of this is located offshore of Mexico. In fact, Talos Energy was involved in the Zama oil discovery, which was the first ever privately funded oil exploration exercise in Mexico. The Zama discovery is expected to produce around 2 billion barrels of oil. Apart from sizable oil reserves, what makes the Zama basin attractive is that it is located in relatively shallow waters. This, in turn, means that Talos is capable of high-impact exploration in the region.

Citigroup and UBS Investment Bank acted as the financial advisors for the merger between Talos and Stone energy.

Click here : https://www.crunchbase.com/organization/talos-energy

GoBuyside Points Out the Challenges Involved in Investment Management Recruiting and the Solution to the Same

Over the years, financial service executives have experienced various shortcomings when recruiting specialized talents. Multiple surveys have been conducted, and they showcase that very few financial services CEOs are confident about accessing the required skillset for their companies in relation to the vacant positions within the organization. Nevertheless, the organizations that are fortunate enough to gain access to the required skill set are always a step ahead of their competitors. Follow GoBuyside on Twitter.com.

Background Information

Since the Gobuyside challenge of recruiting specific talents has persisted for many years, investment management firms have decided to address the various challenges and offer solutions in the process. The challenges are as follows;

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There is Stiff Competition

There is a lot of competition when it comes to investment management recruitment since many organizations are in pursuit of specialized talents. For instance, organizations such as banks and tech companies may be in the quest of an IT expert. The high demand for such a specialist brings about some competition. Although the competition is high, there is also a shortage of recruitment experts.

Visit: https://www.facebook.com/GoBuyside/

The Solution to the Competition Menace

Since the recruitment process is quite cumbersome, it is advisable to seek the services of recruiting experts who have amassed a positive portfolio over the years. It is also advisable to opt for a recruiting agency that specializes in the financial services and investment management sector. Among the recruitment firms that meet the above threshold are such as GoBuyside. The firm is based in New York. Additionally, the firm operates globally, and it is operational in over 15 countries.

Challenges In Networking

Although recruitment firms may fail to admit it, it is quite difficult to build strong networks through social media platforms and the likes. Nevertheless, it is good to note that most successful investors spend minimal time browsing through the various social media platforms.

Solution to the Networking Difficulties

It is advisable to opt for a recruiting firm that does not entirely rely on networking. Instead, you should rely on recruiting firms that are innovative. Read this article at Gobuyside News.