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NYC SEC Whistleblower Reward

NYC SEC whistleblower reward

Many people wonder what is required to win an NYC SEC whistleblower reward.  First of all, it is important to note that you do not have to live or work in NYC to be eligible for an SEC whistleblower award.  The U.S. Securities and Exchange Commission (“SEC”) is a federal agency that has jurisdiction nationwide.

Second, you do not have to be an employee of a public company or financial institution in NYC.  Anyone who has information about a corporate or securities fraud at any U.S. public company or financial institution can report that information to the SEC through the SEC whistleblower program.

Three General Conditions For An NYC SEC Whistleblower Reward

There are three general conditions that must be satisfied for an NYC SEC whistleblower reward.  First, if someone from NYC voluntarily provides original information to the SEC that causes the SEC to open an investigation, or that substantially contributes to an ongoing investigation, that person may be eligible to receive an NYC SEC whistleblower reward.

Another requirement for an SEC whistleblower reward is that the SEC must bring a successful “action”.  An “action” can be “successful” if it results in a settlement, a court judgment, or a judgment by an administrative law judge (an SEC in-house judge).

Third, for an NYC SEC whistleblower reward to become available, the SEC must collect more than $1 million from the wrongdoers as a result of the successful action.

Other Rules and Requirements Of The SEC Whistleblower Program

There are a lot of other rules and requirements that apply to the SEC whistleblower program.  Some of those rules determine whether someone is eligible to receive an SEC whistleblower award.  Other rules can disqualify someone from receiving an SEC whistleblower reward.

If you are thinking about becoming an SEC whistleblower, it may be a good idea to consult with an experienced SEC whistleblower law firm to find out whether you satisfy the rules and requirements to receive an SEC whistleblower award.

The Amount Of The SEC Whistleblower Award

If all of the rules and conditions are satisfied, and the SEC collects over $1 million, then by law the SEC must give out a monetary award to the whistleblower(s).  That award must be between 10% - 30% of the amount of money that the SEC collects from the wrongdoers.

An Experienced SEC Whistleblower Lawyer

Jason R. Pickholz, the founder of the Pickholz Law Offices, was one of the first lawyers to win an SEC whistleblower award for a client.  He was also the first SEC whistleblower lawyer ever to win an award on appeal to the full Commission in Washington, D.C.  This first-of-its-kind victory was named a milestone of the SEC whistleblower program by Inside Counsel magazine.

He is the co-author of the two-volume book Securities Crimes, and is the sole author of the book’s comprehensive chapter on the SEC whistleblower program.

In recognition of his achievements, Mr. Pickholz was nominated and 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.

For more information about Mr. Pickholz and The Pickholz Law Offices, please click on any of the links on this page.

How To Contact Us

If you are considering becoming an SEC whistleblower and would like to speak with an SEC whistleblower attorney, please give us a call at 347.746.1222.

Your initial conversation of up to one hour with Mr. Pickholz is free of charge.  You are under no obligation to hire Mr. Pickholz or The Pickholz Law Offices when your initial conversation is concluded.

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The Pickholz Law Offices represents U.S. and international clients in securities and white collar cases. The Firm has helped whistleblowers report frauds to the SEC, CFTC, and IRS, and has defended clients in investigations by the SEC, CFTC, DOJ, FINRA, and other financial and securities enforcement regulators.

The Firm’s founder, Jason Pickholz, is the author of the two-volume book Securities Crimes, has appeared on tv and radio, and has taught continuing legal education courses. A former BigLaw partner, he has been representing clients in financial and securities fraud cases since 1995. In recognition of his many achievements, Mr. Pickholz was elected by his legal peers to be a Fellow of The New York Bar Foundation, an honor limited to just 1% of all attorneys in the New York State Bar Association.

Mr. Pickholz has been counsel in many high-profile cases. He was the first attorney ever to win an SEC whistleblower award on appeal to the Commission, which Inside Counsel magazine called one of the five key events in the history of the SEC whistleblower program. On the defense side, Mr. Pickholz has defended clients in the SEC’s COVID-19 investigations, the CFTC’s cryptocurrency cases, and a former US Senator, among others.

If you want to speak with a CFTC, IRS, or SEC whistleblower lawyer, or with a white collar defense lawyer, you can call the Firm 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 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-of-use and conditions governing the use of this web site, please view our full Terms and Conditions.