Why You Should Hire an SEC Whistleblower AttorneyFraud happens frequently in the corporate world. For years, employees have battled with the dilemma of whether or not to report cases of misconduct at the companies where they work or at other companies. If you find yourself in this situation, you may wish to consult with an SEC whistleblower attorney.
People used to worry that their employers would retaliate against them if they were to provide the Securities and Exchange Commission with incriminating information. At the end of the day, those heroic enough to come forward to the SEC were rewarded with little more than a handshake for doing the right thing. Congress recognized this problem in the wake of the financial crisis and passed a law in 2010 that for the first time created a comprehensive whistleblower program for the SEC. This law prohibits employers from retaliating against employees who provide information about possible frauds to the SEC. But it does even more. Congress required the SEC to provide a mandatory monetary award to anyone who provides the SEC with original information that helps the SEC to bring a successful case where the SEC collects more than $1 million from the wrongdoers. Under the law, that award must be at least 10% of what the SEC collects, and it can be as high as 30% depending on how much information and assistance the whistleblower(s) provides to the SEC.
There are many complicated rules that someone must follow, and requirements that they must satisfy, in order to be eligible to receive that monetary award. It is therefore vitally important that anyone wishing to become a whistleblower first contact and consult with an SEC whistleblower attorney who knows the system and understands the SEC’s whistleblower program inside and out. The Pickholz Law Offices can help you navigate through the complexities of preparing your case, present it effectively to the SEC, protect your rights, and maximize your chances of receiving a monetary reward.
Jason Pickholz on the SEC Whistleblower Program (2014)
About SEC Whistleblower Attorney Jason Pickholz
Mr. Pickholz has an impressive record of experience working with the SEC and with SEC whistleblower cases. He is one of the first SEC whistleblower attorneys ever to win an SEC whistleblower award for a client. He is also the first SEC whistleblower attorney to successfully convince the Securities and Exchange Commission to grant his client an SEC whistleblower award over an initial recommendation by its staff to deny any award. This was the first time in the history of the SEC Whistleblower Program that the Commission overruled an adverse Preliminary Determination by its Claims Review Staff. (See official SEC Award here.) Inside Counsel Magazine named this as one of the “Five milestones in the Dodd-Frank whistleblower reward program“. For related articles click here (NY Times) and here (Boston Business Journal).
Mr. Pickholz has served as the SEC whistleblower attorney for employees, officers, and directors in cases involving financial institutions and public companies listed in the Fortune Top 10, Top 20, Top 50, Top 100, and Top 500, and the Forbes Global 2000.
He is also a co-author of the 2-volume book Securities Crimes, has written numerous articles, been a guest legal commentator on television and radio, taught continuing legal education courses, served on boards of directors and specialized legal committees, and spoken on and chaired public panels on SEC whistleblowers, securities law, and white collar crime.
In recognition of his achievements, Mr. Pickholz was elected by his peers to be a Fellow of The New York Bar Foundation, a professional honor that is limited to just 1% of the 74,000 lawyers in the New York State Bar Association.
You can find out more about Mr. Pickholz by clicking here.
If you would like additional information about the SEC whistleblower award program, please click here.
You can find out more about The Pickholz Law Offices’ SEC whistleblower practice by clicking on the “SEC Whistleblowers” link on the right side of this page or by clicking here.If you would like to speak with an SEC whistleblower attorney directly, please call us today at 347-746-1222. You are under no commitment, and your initial consultation with Mr. Pickholz of up to one hour is free. An attorney-client relationship is only formed after the Firm sends you a signed written engagement letter and you sign the letter and send it back to the Firm. In other words, you are under no obligation to hire the Firm or Mr. Pickholz when your free initial conversation is finished.
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