Table of Contents
- Whistleblower Lawyer
- Whistleblower Lawyer
- Whistleblowers Lose Again
- U.K. Begins to Advance Protection of Whistleblowers
- One-year statute of limitations – Embezzlement
- National Whistleblower Appreciation Day
- Whistleblower Protection: Dodd-Frank and SOX
- False Claims Act Whistleblower
- Washington State False Claims Act
- Environmental whistleblower
- Court Limits Whistleblower’s Attorney Fees
- SEC Whistleblower Compensation Rule
John has emphasized securities law since his law career began in 1974. He worked on a mixture of securities law litigation and transactional issues. He founded two broker-dealers and obtained the necessary licenses from the NASD (now FINRA) including his Series 7, Series 24, and Series 27. As his knowledge of the securities industry grew, he became concerned with the growing fraud on investors. After he personally experienced a major financial loss through affinity fraud, John actively sought to assist defrauded investors and became a whistleblower lawyer.
When the Sarbanes–Oxley Act of 2002 (Public Company Accounting Reform and Investor Protection Act) and (Corporate and Auditing Accountability and Responsibility Act) as a result of an epidemic of corporate fraud, it provided whistleblower protection in Section 806. One of the provisions activated protection if a possible Securities and Exchange Commission rule was violated. Because John was familiar with this technical area, he began representing whistleblowers who alleged financial fraud. This led him into becoming a Certified Fraud Examiner and Certified Controls Specialist. He has represented numerous whistleblowers under SOx in federal court, administrative proceedings, and appellate courts.
In 2010, the Dodd–Frank Wall Street Reform and Consumer Protection Act added additional protections and the Obama administration began to reverse the mistreatment of whistleblowers under George Bush. Although whistleblowing still requires great courage, there is now a reasonable chance of protection.
John only takes whistleblower cases involving financial fraud that can be construed as violations of SEC rules. These cases require sophisticated knowledge of SEC rules by the lawyer. An example of the need for expertise: there are SOx rulings that claim that alleging GAAP violations by the whistleblower is not enough to gain Section 806 protection even though there is an SEC rule that require GAAP usage. How can such a ridiculous decision be made? It was made by labor law judges who know next to nothing about securities laws. The whistleblowers’ lawyers were labor attorneys who also knew little about securities laws and did not point out the rule to the judge.
More Detail on John J Tollefsen
Curriculum Vitae – JJT-CV