The $300,000 Challenge

The Investor Protection Act making its way through Congress intends to expand the authority of the US Securities and Exchange Commission, in any action in which it levies sanctions in excess of $1 million, to compensate employees with up to 30% of the amount of the sanctions; i.e., employees share in awards up to $300,000 for every $1 million the SEC levies in sanctions. 

Frustrated by a second financial crisis in a decade, a group of finance and accounting professionals have created an online forum, http://www.zethics.com, where employees can submit information anonymously about the questionable business practices of their company and its executives to share in these awards.

zEthics is aiming for full disclosure by complimenting U.S. GAAP, SEC rules and regulations, and the Sarbanes-Oxley Act of 2002

Investment professionals gain acceptance and trust in publicly traded companies through extended visibility beyond public disclosures, and receive early warning of fraudulent behavior that may impact earnings.

To avoid being blind-sided by fraud and misconduct, officers and directors gain extended visibility into the company and its management team.

Are you willing to take the SEC’s $300,000 challenge and do your part to prevent the next financial crisis?

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About zethics
CEO and founder of zEthics, Inc. Thirty years of experience with finance and accounting background in public private sectors.

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