If you are considering becoming an SEC whistleblower, it is probably a good idea to consult with an SEC whistleblower attorney New York locals and others can have faith in. There are a lot of rules that govern the SEC Whistleblower Award Program, but in general the SEC is looking for help from people who have original information that they want to voluntarily provide to the SEC about securities crimes, violations, or frauds at publicly-traded companies. If the SEC uses whistleblower information in bringing a successful action and collects more than $1 million from the wrongdoers, the SEC must give the whistleblower(s) a monetary award of between 10%-30% of the amount it collects.
The terms “original information”and “voluntary” have specific meanings that the SEC has defined for them. Also, the SEC can only bring cases for certain kinds of conduct, but it is not always obvious whether the information you have will qualify. For example, if a company steals product from customers, that may not seem like a “securities” type of case. But if that company’s stock is publicly traded on the NYSE, NASDAQ, or some other stock exchange, and the company records those stolen products in its financial statements as if they were real sales, the company may have committed accounting fraud, financial statements fraud, and/or books and records fraud. The SEC can and does bring cases against such companies. A knowledgeable SEC whistleblower attorney New York employees and others can — and have — placed their faith in can help you to understand the terms that the SEC uses and whether your information is the type of information that the SEC is looking for.
Jason R. Pickholz, the founder of The Pickholz Law Offices, is one of the first whistleblower attorneys ever to win an SEC whistleblower award for a client. (See official SEC Award here.) He is also the first whistleblower attorney ever to win an award for a client on appeal after the SEC’s staff had recommended denying an award. This groundbreaking result was named as one of the “Five milestones in the Dodd-Frank whistleblower reward program“ by Inside Counsel Magazine. For related articles click here (Boston Business Journal) and here (NY Times).
In recognition of his achievements, Mr. Pickholz was elected as a Fellow of the New York Bar Foundation, an honor limited to 1% of New York State attorneys.
If you would like more information about the SEC whistleblower award program, or about Mr. Pickholz’s law practice, you can view his biography by clicking here or by clicking on the links to the right.
If you are thinking about becoming an SEC whistleblower and are interested in speaking with Mr. Pickholz, you can call our offices at 347-746-1222.
The above information is not and should not be construed as providing legal advice. It is not and should never be considered as a substitute for consulting with your own attorney. The use of this web site or this page does not constitute or create any attorney-client, fiduciary, or confidential relationship between The Pickholz Law Offices LLC and anyone using this web site, or anyone else. The information contained on this website is for informational purposes only. The content of this web site may not reflect current developments. Prior results do not guarantee a similar outcome. Results of prior cases or matters contained on this web site are not indicative of future results or outcomes, and should not be taken as a prediction, promise, or guarantee of any future result or outcome. No one who accesses this web site should act or refrain from acting based on anything contained on this web site. For additional terms and conditions governing the use of this web site, please click on the “disclaimer” link at the bottom of this page or click here.
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