FREQUENTLY ASKED QUESTIONS ABOUT OUR SEC WHISTLEBLOWER PRACTICE

 

What are “SEC Whistleblower Rewards”?

In 2010, as part of the Dodd-Frank Act, the U.S. Congress established for the first time a comprehensive whistleblower program for the Securities and Exchange Commission (the “SEC”).  If you report a fraud at the company you work for (or a fraud at another company) to the SEC, you may be eligible to become an SEC Whistleblower.  If you meet the requirements and become an SEC Whistleblower, and if the SEC collects over a certain amount of money from the company or the individuals who were responsible for the fraud that you reported, you will be entitled to receive a monetary reward from the SEC.  According to the Dodd-Frank Act, the SEC must give out that reward. The amount of the reward must be between 10% – 30% of the amount of money that the SEC collects based on the information that you (the whistleblower) provided.  For additional information about the SEC Whistleblower award program, please click here.

How Can So Many Lawyers Claim To Have Experience Helping SEC Whistleblowers When Less Than 1% of SEC Tips Have Resulted In An Award?

While the Firm cannot comment on what other lawyers may claim, Mr. Pickholz has spent over 20 years helping people who want to talk to the SEC.  In the past, even before the SEC’s Whistleblower program began, some of those people decided on their own that they wanted to report a fraud to the SEC.  Other times, they were asked by the SEC to come in and talk about something that the SEC was already looking into.

In just the short time since the SEC Whistleblower program began, Mr. Pickholz has:

  • Won one of the first SEC whistleblower awards for a client.
  • Become the first SEC whistleblower lawyer to convince the Commission to grant his client an SEC whistleblower award over the recommendation of its staff to deny any award.  This was the first time in the history of the SEC Whistleblower Award Program that the Commission overruled an adverse Preliminary Determination by its Claims Review Staff.  (See official SEC Award here.)  Mr. Pickholz’s victory for that whistleblower client has been named 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).
  • Helped employees, directors, and officers to report securities frauds and violations at financial institutions and public companies listed in the Fortune Top 20, Top 50, Top 100, and Top 500, and the Forbes Global 2000.
  • Co-authored the two-volume book, Securities Crimes, published by Thomson Reuters.
  • Authored the book’s 87 page chapter on “The SEC Whistleblower Award Program”.
  • Chaired a program at the annual meeting of the American Bar Association (the nation’s largest lawyers’ association).  The program’s featured speaker was the first Chief of the SEC’s Office of the Whistleblower. In addition to chairing the program, Mr. Pickholz also delivered his own presentation entitled “The SEC Whistleblower’s Perspective”.  You can see the announcement for that program by clicking here.
  • Taught a course for Lawline on “Incentives and Protections for the Modern Whistleblower.”
  • On the invitation of a leading liberal arts university, taught a lecture on SEC Whistleblowers and white collar crime entitled “When Bad Things Happen To Good People”.
  • Been elected as a Fellow of the New York Bar Foundation, an honor that is limited to 1% of the New York State Bar Association membership.

How Can I Contact The Pickholz Law Offices?

If you are considering becoming an SEC whistleblower, you can contact The Pickholz Law Offices by calling 347-746-1222.  Please be prepared to provide your name and a personal mobile or home telephone number where you can be reached (not your work telephone number).

Does It Cost Me Anything To Talk To Mr. Pickholz The First Time?

Mr. Pickholz will initially meet with you or talk to you on the telephone to help you decide whether you would like to hire the Firm to help you report a fraud or other securities law violation to the SEC.  This initial conversation of up to one hour is free of charge. The initial conversation is for you to get information to help you decide whether you want to hire the Firm and Mr. Pickholz.  It does not create an attorney-client relationship between you and the Firm or Mr. Pickholz.  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.

 

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 lawyer.  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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