Residential Mortgage Backed Securities Fraud Working Group
The Residential Mortgage Backed Securities (RMBS) Fraud Working Group is a working group of the Financial Fraud Enforcement Task Force. President Obama established the Financial Fraud Enforcement Task Force in November 2009 to hold accountable those who helped bring about the last financial crisis as well as those who would attempt to take advantage of the efforts at economic recovery. For more detailed information, visit http://www.stopfraud.gov/news/news-11172009-04.html.
The type of information we are looking for …
We are particularly interested in information about RMBS fraud from corporate insiders – that is, people who worked in the industry and witnessed the misconduct. Fraud can be hard to uncover without help from whistleblowers who were corporate insiders. The Working Group has the ability to pursue fraud even when it occurred several years ago. RMBS fraud did great harm to our nation, our markets, and hundreds of millions of people. That harm still persists today. The Working Group needs your help to hold wrongdoers accountable, help victims, and stop similar fraud from happening again.
About the SEC whistleblower program
The Whistleblower Program was created by Congress to provide monetary incentives for individuals to come forward and report possible violations of the federal securities laws to the SEC. Under the program eligible whistleblowers are entitled to an award of between 10% and 30% of the monetary sanctions collected in actions brought by the SEC and related actions brought by other regulatory and law enforcement authorities. For more information, please read the FAQs for the Office of the Whistleblower.