An Exciting Career Path: Tony Petrello at Nabors Industries

It was in 1991 that Tony Petrello joined Nabors Industries as their Chief Operating Officer, and has enjoyed much success with the firm. Nabors Industries excels in the oil and gas industry and has continuously grown through many boom and bust cycles. Their clients rely on their industry knowledge and business acumen to succeed in the oil and gas drilling market segment.

Nabors Industries recognized the true leadership abilities that Tony Petrello possesses and were quick to recognize his talents. Nabors first worked with Petrello when he was employed by the New York City law firm of Baker & McKenzie. During this time, he was a lawyer assigned to their account and they were very impressed with his performance. It was at this time that Nabors hired Petrello away from Baker & McKenzie and brought him over to Nabors Industries as their COO.

From his strat at Nabors in 1991 Petrello enjoyed a strong upward trajectory with the firm and was eventually named Chief Executive Officer in 2011, a position he still holds today. Nabors is known as a leader in the oil and gas drilling industry and has a presence in 20 countries. The firm work with both on land rigs as well as those off-shore. Due to these interest across the globe, the firm of Nabors Industries is considered one of the largest and most successful oil and gas drilling companies across the globe.

Nabors Industries also provide consultation services to their clients as well as software programs.

 

The Path of the SEC Whistleblower

The Securities Exchange Commission is tasked with many important duties. The one most of the general public is familiar with would be the agency’s emphasis on insider trading. The motion picture Wall Street displaced the nefarious things dishonest people do to earn money via cheating on publicly traded stocks. Insider trading, while serious, is not the only thing the SEC checks into. There are untold scores of major financial regulations on the books. All of these rules and regulations must be followed. Unfortunately, the SEC is not always aware of what is going on in the financial world. This is why SEC whistleblowers are so important.

Whistleblowers not only help the government agency. They are helping their fellow citizens when they reveal wrongdoings being performed by dishonest persons who should know better.

Under the law, money accepted for a particular investment has to go into that investment. What if a broker were to take money from a client and use it for different purposes? What if money intended to be directed towards real estate investments was directed towards precious metals? The simple answer here is fraud has been committed. Sadly, people who are the victims of these types of frauds do not find out until it is too late. And they often end up losing a lot of money in the process.

Someone on the inside may know about the wrongdoing that is occurring. If anyone in the know speaks out, a lot of terrible things won’t be imposed upon those innocent persons who do not realize they are being cheated.

In the aftermath of the disastrous 2008 global financial meltdown, legislation was passed by the Congress. Dubbed the Dodd-Frank bill after its authors, the bill tightened up many rules related to the financial industry. The huge bill also contained additional protections for whistleblowers. Those who are seriously worried about recriminations after going public on things they report on can look towards this law as a protector.

The law could also be looked at as a means of becoming financially independent. Huge financial rewards are possible based on the legislation. Percentages of fines paid to the government would be “commissioned” to those who speak out.

Handling the duties of blowing the whistle may not be easy. The process may be both new and frightening. Through the help of a SEC whistleblower attorney, things could be easier to handle and become more productive.