If a whistleblower(s) voluntarily provides original information about a securities fraud or violation to the U.S. Securities and Exchange Commission that results in a successful action in which the SEC collects over $1 million, and assuming all other requirements are satisfied, the SEC is required to give the whistleblower(s) an award of 10%-30% of the amount that it collects from the wrongdoers. These SEC whistleblower awards can be quite significant. This makes it important for you to consider consulting with an NYC whistleblower lawyer who understands the SEC whistleblower program and who has extensive experience helping clients provide information to the SEC.
Why Do You Need an NYC Whistleblower Lawyer?
The SEC recently reported that from August 2011 – November 2016, it received 18,334 tips from SEC whistleblowers. According to that same report, the SEC stated that it was tracking over 800 cases in which a whistleblower’s tip either caused an SEC investigation to be opened, or which was referred to the SEC’s Enforcement Staff in connection with an already ongoing investigation. While there may be some variables that the SEC’s report did not comment on, a reasonable estimate would be that only approximately 5%-7% of whistleblower tips cause the SEC to open an investigation or contribute to an ongoing investigation — prerequisites to being eligible to receive an SEC whistleblower award.
Because of this, you may want to work with an NYC whistleblower lawyer who focuses on the SEC whistleblower program, rather than risk going it alone or rolling the dice on a jack-of-all-trades whistleblower lawyer or on a general plaintiff’s law firm. Among other things, an NYC whistleblower lawyer who focuses specifically on the SEC whistleblower program, and who has decades of experience helping clients provide information to the SEC, can help you identify the nexus between the fraud that you have uncovered and the securities laws. He or she can also help you to focus on the important facts, and help you to present them in a way that may give you a better chance of convincing the SEC to open an investigation or enable it to advance an existing investigation.
An NYC Whistleblower Lawyer With Over Two Decades of Experience
As of 2016, Jason R. Pickholz has spent over two decades helping clients from throughout the United States, and from other countries, talk with the SEC. A few months after the SEC whistleblower program was created in 2010, Mr. Pickholz left a partnership at a national law firm to found The Pickholz Law Offices. His goal in creating The Pickholz Law Offices was to help SEC whistleblowers report their information to the SEC. As an NYC whistleblower lawyer, among his other accomplishments, Mr. Pickholz has:
- Won one of the first SEC whistleblower awards for a client.
- Won the first ever award on appeal to the Commission, after his client was initially denied an award. Inside Counsel magazine named this first-of-its-kind victory as one of the “Five milestones in the Dodd-Frank whistleblower reward program”.
- Been elected by his peers to be a Fellow of the New York Bar Foundation, an honor limited to 1% of the 74,000 lawyers in the New York State Bar Association.
- Co-authored the 2-volume book Securities Crimes, which is published by leading legal publisher Thomson Reuters.
- Represented numerous domestic and foreign SEC whistleblowers in cases involving financial institutions and public companies listed in the Fortune Top 20, 50, 100, and 500 and the Forbes Global 2000.
If you are thinking about becoming an SEC whistleblower and would like to speak with an NYC whistleblower lawyer, please feel free to give Mr. Pickholz a call at 347-746-1222.
Your initial conversation with Mr. Pickholz of up to one hour is free of charge. You are under no obligation to hire The Pickholz Law Offices when your initial conversation is concluded.
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