Bruno Fagali’s Bid To Shut Down Corruption Red Flags In The Advertising Industry
February 6, 2018
Recently, there has been an increasing pressure for companies to adopt compliance programs. This follows the growing number of corruption investigations involving advertising firms. In Brazil, advertising agencies are paid in terms of bonuses by the media when they advertise. Therefore, these advertising firms provide the advertisers with the services but the money goes to the agencies instead of the communication vehicles they negotiated with. This connection between the media and the advertising agencies is what creates loopholes which are then misused.
In an article entitled “Red Flag”, Bruno Fagali, an expert in compliance law, explains the operations that are popular in advertising agencies which are at a higher risk of inviting unethical issues. Some of them include; media assignment criteria, inventive plans and intermediation of vehicle payment by the adviser. All of these are what Bruno Fagali refers to as “Red Flags” and says they are what lead to corruption. In order to curb this, rules are to be put in place that requires advertising agencies have corporate integrity programs.
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Based in Sao Paulo, Alagoas, Brazil, Bruno Fagali is one of the best lawyers in Brazil playing an active role in changing the dimension of the Brazilian legal system. Bruno Fagali has vast experience and knowledge in numerous fields pertaining to law. He specializes in matters relating to Ethics, Compliance Law, Administrative Law, Regulatory Law and Urban Law. Currently Bruno Fagali practices law in his law firm known as the Fagali Law Firm. He is also the Corporate Integrity Manager of Nova/SB.
Bruno Fagali attended the University of Sao Paulo. It was from there that he earned his Masters in Anticorruption, Sate and Administrative Law. Bruno Fagali started his career in law as an intern at the Office Model Dom Paulo Evaristo Arns law firm. Bruno Fagali worked at this firm for some time there but later on left to intern in 2 other firms for about 3 years.
It was in 2012 that Bruno Fagali got his first job as a lawyer. This was at the Radi, Calil e Associodos Law where he worked for a period of 2 years. It was after leaving that firm that he joined Nova/Sb. Thereafter, in 2016, Bruno Fagali opened his own law firm where he works to date.
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Understanding the SEC Whistleblower Program
December 8, 2016
In 2010, Congress amended the Dodd-Frank Wall Street Reform and Consumer Protection Act. One of the amendments of the Dodd-Frank Act was the introduction of a whistleblower program to provide financial incentives and employment protections for people who expose possible violations of federal security laws to the Securities and Exchange Commission (SEC).
The Pioneers of the Whistleblower Practice
Labaton Sucharow became the first law firm in the U.S. to start a practice that focused exclusively on advocating and protecting SEC whistleblowers. The whistleblower representation practice at Labaton Sucharow involves an in-house team of financial analysts, investigators, and forensic accountants with state and federal law enforcement experience. The team’s leader is Jordan Thomas, the former assistant chief litigation counsel and director in a section involved with enforcement within the SEC.
Compensation Under the Whistleblower Program
Under the whistleblower program, eligible whistleblowers are entitled to 10-30% of the monetary sanctions acquired from a successful enforcement action by SEC or in cases where sanctions are more than $1 million. Whistleblowers may also receive additional awards depending on monetary sanctions collected resulting from actions by other law enforcement and regulatory organizations.
Who are Eligible Whistleblowers?
A person can be an eligible whistleblower if they provide SEC with original information regarding a possible violation of federal securities laws that have either occurred, are ongoing, or about to happen. The deep understanding of a SEC whistleblower attorney on matters regarding the Whistleblower program and the enforcement of the program allows them to guide whistleblowers through the difficulty involved in reporting possible violations while minimizing the risk of employers retaliating and maximizing potential monetary compensation.
How Can Information Result in a Successful SEC Action?
Your information is helpful if it causes SEC to initiate a fresh investigation, re-open a previously concluded investigation, or pursue a new inquiry into the ongoing investigation. Your information is also helpful if it causes SEC to succeed in an enforcement action. Additionally, your information is helpful if it is related to an ongoing investigation and results in an enforcement action. You information is also credible if you report it to your company which in turn reports it to SEC. For information to lead to a successful SEC action, it must be reported to SEC within 120 days.
You can learn more about the whistleblower program by requesting a SEC whistleblower lawyer for a case evaluation.