SEC Whistleblower Lawyer Contingency Fees

The decision to become a whistleblower is not to be taken lightly. There may be consequences for the whistleblower’s career and reputation. But the rewards can also be great. Whistleblowers can stop wrongdoing that is harming others and receive a financial reward.

A positive outcome is not guaranteed, and anyone considering becoming a whistleblower should consult with an experienced whistleblower attorney who can help protect their interests and give them the best chance of achieving the outcome they want.

If you have information involving fraud or misconduct in the securities industry, contact the attorneys at Silver Law Group for a no-cost consultation at (800) 975-4345 or through our online form.

Many SEC whistleblower attorneys work on a contingency fee, meaning that the whistleblower never has to pay the attorney out of their own pocket. If the case is successful and an award is given, the attorney receives a portion of the award. If the whistleblower receives no award, then nothing is owed to the attorney.

Working with an SEC whistleblower attorney on a contingent fee basis puts the whistleblower at no risk of having to spend any of their own money.

Additionally, many whistleblower laws have “statutory fee” provisions. Under these provisions, if the whistleblower wins, the company must pay all “reasonable” attorney fees incurred on behalf of the client.

Congress created the SEC whistleblower program in 2011 to give an incentive to whistleblowers to report information about securities laws violations to the SEC. The program has awarded over $500 million to whistleblowers since the program started.

For an individual to be eligible to receive a whistleblower award, they have to provide the SEC with original non-public information that leads to a sanction of $1 million or more. Whistleblowers can receive between 10% and 30% of the sanction collected.

A valid whistleblower claim may result from information on financial crimes, securities fraud, and other illegal behavior.

Whistleblowers are entitled to protections, and the SEC charges violators of its protection laws who prevent whistleblowers coming forward or retaliate against them.

Scott Silver, managing partner, is a passionate advocate for investors and employees bringing claims against the financial services industry, including brokerage firms, hedge funds, and individual brokers.

Scott authored an acclaimed whistleblower program outline, available for download at no cost. Scott represents clients nationwide and abroad in litigation and in arbitration proceedings before FINRA, the National Futures Association (NFA), and the American Arbitration Association (AAA).

David Chase, partner and principal of the Law Firm of David R. Chase, joins Scott Silver in fighting for investors and whistleblowers in complex SEC investigations and securities litigation. David served as a former Senior Counsel in the SEC’s Enforcement Division and as a Special Assistant U.S. Attorney in the U.S. Attorney’s Office Economic Crimes Division.

Our SEC whistleblower attorneys assist investors and employees throughout the U.S. and abroad. We take most cases on a contingency fee basis, and are ready to help investigate your situation and determine the best course of action for your goals. Contact us at today toll free at (800) 975-4345 or through our online form for a consultation with a securities fraud attorney.