Securities Whistleblower Lawyers

The U.S. Congress created the SEC Whistleblower Program in order to provide financial incentives for people to inform the Securities and Exchange Commission (SEC) about possible violations of the federal securities laws. The program provides eligible whistleblowers with substantial awards. These may amount to 10 to 30 percent of the monetary sanctions if the SEC brings an action, or other authorities bring related actions, in which more than $1,000,000 in damages are ordered. The Whistleblower Program also prohibits employer retaliation against employees who disclose misconduct. If you have information about a securities violation, or you have suffered losses because of a violation, the experienced SEC whistleblower lawyers are ready to advance your interests and protect your rights. We can present your case to the SEC or the CFTC, or guide you through the FINRA arbitration process.

One of our securities whistleblower lawyers, Scott Silver, previously worked as a defense attorney on Wall Street. He uses insights gained from that stage of his career to fight for the rights of whistleblowers and investors. Scott has a strong relationship with the investment community in New York and other areas of the East Coast. He also wrote an acclaimed Whistleblower Program Outline that is available free of charge upon request. David Chase formerly served as Senior Counsel in the SEC’s Enforcement Division, prosecuting violators of securities laws. Together with a team of financial analysts, investigators, and forensic accountants, we serve clients nationwide as well as in Latin America and the Caribbean

Take Action to Disclose Securities Law Violations

Section 922 of the Dodd-Frank Wall Street Reform and Consumer Protection Act outlines incentives and protections for whistleblowers who provide information subsequent to its enactment. The law defines a whistleblower as an individual (or group of individuals) who voluntarily provides information related to a securities law violation to the SEC in a manner established by this federal agency.

To be eligible for a monetary award, whistleblowers must provide original, high-quality information about a possible violation. The information needs to lead to a successful SEC action and monetary sanctions that are more than $1,000,000. This means that the information must cause the regulatory organization to start a new investigation or reopen an investigation, and this investigation must also lead to an enforcement action that is based partly on the information provided. However, it can also be deemed to "lead to" the successful SEC action if it significantly helps a pre-existing enforcement action.

SEC Whistleblower Attorneys Serving Employees and Investors Nationwide

A whistleblower must voluntarily provide the information to the SEC or another regulatory authority prior to being subject to a request, or before Congress or another regulatory organization asks that the information be provided in connection with an investigation or inspection. The information must not be something the SEC or another organization already knows, or information derived from a public source or another party’s analysis.

If you report a securities violation internally within your company, you also need to report the information to the SEC within 120 days of the internal report. The date of the internal report will determine whether the information is considered original.

Protect Your Rights against Retaliation by Your Employer

Dodd-Frank Section 21F(h)(1)(A) prohibits your employer from firing, demoting, or discriminating against you in any way for being a whistleblower. Protected actions by employees include giving information to the SEC, helping in an SEC investigation or action, or making disclosures protected under or required by securities laws. The scope of the disclosures that are required or protected is subject to interpretation, which makes it important to enlist a skilled securities whistleblower lawyer who can craft persuasive arguments on your behalf.

Under Section 78u-6(h) of Dodd-Frank, you also have a private right of action in federal court if you allege that your employer retaliated against you. Potential remedies in these claims include reinstatement, double back pay, costs, and fees. You have six years from the time of the retaliation, or three years after the material facts about your claim are known, to take legal action.

Explore Your Options with an SEC Whistleblower Lawyer

Our securities whistleblower attorneys represent clients in the New York region and throughout the U.S. against financial services firms and Wall Street. Our thorough knowledge of this complex area of the law allows us to navigate its nuances with ease for the whistleblowers and investors whom we serve. Contact our securities law attorneys at (800) 975-4345 or through our online form for a free consultation.

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