SOURCE: Swordfish Financial, Inc.

June 21, 2011 21:23 ET

Swordfish Financial, Inc. to Take Advantage of Recently Passed Legislation Creating the SEC "Whistleblower" Regulation

Under Terms of the New Legislation Individuals and Companies Can Receive up to 30 Percent of Assets Recovered From Brokers and Banks That Violate Federal Securities Laws

ROCKWALL, TX--(Marketwire - Jun 21, 2011) - Swordfish Financial, Inc. (PINKSHEETS: SWRFD) (OTCQB: SWRFD), a diversified financial asset recovery company that acquires orphaned assets of high net worth individuals and companies to originate and source funding for humanitarian and corporate transactions, today said it would actively participate in providing information to the Securities Exchange Commission (SEC) in conjunction with the recently passed SEC "Whistleblower" regulation.

Recently, the SEC issued a new Regulation 21F under the Exchange Act to implement the whistleblower directive under the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank). The act incentivizes individuals to act as whistleblowers regarding violations of the federal securities laws. Under the program, the SEC is authorized to pay awards of between 10 percent and 30 percent of the amount recovered to individuals who voluntarily provide the SEC with original information about possible violations of the federal securities laws that leads to an enforcement action resulting in monetary sanctions exceeding $1 million.

"During the recovery process we often locate other financial accounts being held under similar circumstances as those of our clients," said Michael Alexander, CEO of Swordfish Financial. "By turning the financial account information over to the US Government, this new legislation provides a potential additional revenue source for our company that heretofore did not exist."

About Swordfish Financial, Inc.

Swordfish Financial, Inc. (SFI) is a publicly held diversified financial asset recovery company formed to acquire orphaned assets of high net worth individuals, companies and to originate, fund, source funding for humanitarian and corporate transactions. SFI's main projects will be to acquire and provide funding for organizations in the currently underserved humanitarian and eco-friendly markets. SFI provides economical and efficient use of capital while providing a valuable opportunity of loans to and or investment in small and medium sized organizations by providing asset based funding against marketable "income producing and/or marginable" assets. Our funding will enable our organizations to compete more effectively, improve operations and increase shareholder value.

Forward-Looking Statements:

This document contains forward-looking statements and information as that term is defined in the Private Securities Litigation Reform Act of 1995, and, therefore, is subject to certain risks and uncertainties. There can be no assurance that the actual results, business conditions, business developments, losses and contingencies and local and foreign factors will not differ materially from those suggested in the forward looking statements as a result of various factors, including market conditions, competition, advances in technology and other factors.

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