A Rundown of the SEC Whistleblower Program and What To Expect

Deciding to blow the whistle on fraudulent wrong doing can be scary. There are many things to consider, not least of all is where you will stand once the debris settles. The SEC Whistleblower Advocate Program is there to direct you through it all. The program is made up of financial securities attorneys with more than a century of experience behind them. They conceive how much courage and gall it takes to make a securities claim, and have safeguards in place to ensure your private and public future.

The Sec Whistleblower Program was enacted in 2010 by congress after it had become clear that law enforcement could not stand alone in regulating and policing corporations. The Whistleblower Program receives in excess of 20,000 tips each year, but extensively investigates a fraction of these. Of the 20,000 tips that are received annually, only a small percentage will result in prosperous enforcement action.

A survey was conducted by the University of Notre Dame and Labaton Sucharow in May of 2015. The poll revealed that only about 89% of individuals across the United Kingdom and United States report wrongdoing. Individuals that are aware of securities fraud either are unaware of the SEC Program or are unsure of their claim’s eligibility.

It is not uncommon for whistleblowers to fear retaliation. Corporations will sometimes require employees to sign documentation that discourages whistleblowing. Often times these documents are illegal, and the SEC actively goes after companies that initiate these documents. Whistleblowers are able to report wrongdoings anonymously. The acquisition of an attorney to advocate on behalf of the accuser is required in these cases. However, prior to receiving any potential monetary award for their anonymous reporting, the accuser must identify themselves to the SEC. In the interim, the whistleblower’s attorney will act on their behalf.

As hinted at earlier, an employee with good morals might be pressured into not coming forward with viable information involving securities fraud. The SEC has implemented protections against this, advocating on behalf of the employee and allowing said employee to fearlessly blow the whistle on their employers wrongdoings. This is true even if an accusation does not result in the employer’s persecution.

If the employee is subjected to retaliation from their employer, they have the right to immediately sue the employer. This is without the exhaustive process of administrative filing. Whistleblowers whose cases were successfully policed can expect an award of 10 to 30% of monetary sanctions collected. If the sanctions exceed $1 million, whistleblowers might also be rewarded for sanctions brought about by other law enforcement or regulatory organizations.

Some factors might decrease the amount of an award including the culpability of the accuser. An accuser who was unaware of their own culpability might receive more than an individual who blew the whistle on their co-conspirators.

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How did Steve Ritchie bring Papa John’s so Close to Acquisition?

The Question that many Analysts had Wondered…

So Papa John’s fell a little bit. Earnings per share, net revenue and many other items were not what analysts investing within the service industry wanted to see. New CEO Steve Ritchie has created a landscape where the aforementioned figures are slowly beginning to climb to the level that they need to be at. How did he achieve this? He began by implementing many strategies that deal with the customer experience. The two most important strategies had a direct effect, however.

The Introduction of a New Growth Officer?

A new growth officer has been added to the boardroom. One of many new roles. Mike Nettles is his name, and he’s got a plan that involves a vice president of operations placed at every customer interaction point. There is a new vice president for overseeing the menu experience. There are also new vice presidents to oversee the innovative use of technology as well as branding. One vice president has been placed over an area referred to as, “the customer experience.” Apparently, Mr. Nettles is not the only new person in town when it comes to the Papa John’s boardroom.

Listening to Employees and also Customers More…

As discussed already, Mr. Nettles’ plan is one that listens to the customer experience. He and Steve Ritchie Papa Johns would also like to hear employees. The voices program has received such positive feedback since it’s implementation that some people have felt that it single handily rose the price of the company’s stock! The program offers a double edged sword really. Employees are put in a better mind set and they feel respected. On the same hand, investors love this so much that it shows. The effect is a truly positive one on the company’s numbers.

Acquisitions and other Growth Possible…

Several of the largest investment firms to invest in eateries are interested in acquiring this Papa John’s version 2.0. A few other random equity firms also happen to be interested. These entities are starting to see the type of numbers recover discussed earlier. They might also be swept up in the company’s exciting new culture.

Discover more: https://ir.papajohns.com/news-releases/news-release-details/papa-johns-promotes-steve-ritchie-ceo-0

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Rick Cofer Helps Recycle the Austin Environment

There are many ways to pay for recycling within Austin. The Park and Recreation Recycling Task Force is working on zeroing in on waste reduction methods in the city regarding landfills. There was even a ban on single-use plastic bags at one point.

 

Composting options are being looked into at the parks of the city. Rick Cofer who is the chairman of that task force stated that some places don’t even have recycling systems in place. There are two proposed budget plans that are being devised. The money collected from either of the plans being proposed would provide for a planning coordinator. Employees would assist in the process of collecting and hauling the waste.

 

The first budget proposal is looking at about $1.3 million. This money would be provided by private donors. There would be an increase the community fees that are already part of monthly clean-up costs. The city of Austin would provide for that plan from part of its budget by increasing fees by 31 cents to the residents.

 

The second option would cost around $800,000 and the allocation of the budget is similar to the first one although the clean up monthly fee would be raised by only 16 cents. It seems this second option is the one that may be pursued in depth.

 

The person in charge of all this change since 2008 is none other than defense attorney Rick Coffer. He has not only been on the front-lines for this environmental project but also has a great record for solving misdemeanor and felony cases as a juvenile prosecutor.

 

Rick has handled plenty of drug and DWI, as well as theft and family violence cases. He crafts a unique defense for each situation and is extremely discreet. Cofer has interesting defense strategies he uses, thanks to his experience in plea-bargaining methods for negotiation and solving difficult criminal cases. He knows that great service, along with empathy and compassion, are one of the best things his clients need. He provides guidance while constantly communicating with them on a regular basis for the best possible results.

 

In the fall of 2016, the city wanted to increase recycling and reducing trash within the city of Austin. Cofer was in the forefront of that project. He stated that it was hard to get the data during the pilot project that took place, but that there was a major trash reduction. There were many parks in the neighborhood and athletic fields that were part of the pilot study. Waste streams and reducing waste was all taken into consideration without compromising the high community service plan.

 

 

 

 

https://twitter.com/rickcofer?lang=en

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Matt Badiali Explains Why Gold Mining Firms Are The Best Place To Put Your Money

There are a number of good reasons to have part of your financial portfolio invested in gold.It’s a hedge against inflation,for one. Two,its correlation with the stock market is pretty low. It’s a great way to diversify your portfolio with a commodity that can increase in value by quite a bit.However, geologist and financial advisor Matt Badiali says what’s even better to invest in is the companies that mine gold. This is especially true now as these companies had to get very lean when the value of gold tanked to $1050 in 2015, just below the amount of money it cost them to extract this precious metal from the earth and rock it’s buried in.

Having formerly taught geology at the University of North Carolina, he says that the executives running gold mining firms saw that gold prices were subject to change. They restructured while the value of gold was low, Matt Badiali says, and paid off their debts. They are now poised to make huge amounts of money as the value of gold has recovered and they are getting more gold mines in operation. He says that the gold mining firms will see their stocks increase by even more than how much gold itself will be going up by.Some of the gold mining companies Matt Badiali is closely monitoring include Newmont, Agnico Eagle, and Goldcorp.

These companies have already had some pretty solid gains and they are going to have further success due to their making wiser decisions than they have in the past.Many people see the value of commodities and feel like they’re pretty arbitrary. You need to be both a financial expert and scientist like Matt Badiali to truly understand this area of investing. Even better is that he can break down the complex science and financial matters in a way that his readers can really understand.He writes the Real Wealth Strategist newsletter. Matt Badiali also speaks at seminars and other events where he explains investing in commodities and what the current trends are. His business goal is to inform people about natural resource investing so that they can achieve financial independence.

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