Last week, as I was posting the final installment of my 3-part article about the recent Presidential election, the Chair of the Securities and Exchange Commission gave a speech in which she again praised the SEC whistleblower program. If you are an SEC whistleblower or SEC whistleblower lawyer and missed last week’s article, you can read it here.
On Friday, SEC Chair Mary Jo White gave a speech at New York University School of Law. Perhaps anticipating that her audience would include future corporate lawyers, and possibly more than one future SEC whistleblower lawyer, Ms. White devoted a portion of her remarks to the SEC whistleblower program.
During her speech, Ms. White confirmed that SEC whistleblowers have “become key sources of very significant cases” and reiterated statements she has made before that the SEC whistleblower program “has had a transformative impact on enforcement” of the U.S. securities laws.
Ms. White informed the audience that in fiscal year 2016, the SEC received more than 4,200 whistleblower tips, which is over 40% more tips than the SEC received in fiscal year 2012. She predicted that the impact of the SEC whistleblower program “will only increase in the coming years as the program becomes more well-known and the significant rewards of participating in it become clearer to whistleblowers.”
Her comments on the SEC whistleblower program concluded with her commitment that “The SEC intends to stay on the whistleblower beat to ensure protection of whistleblowers and that tips on corporate wrongdoing continue to flow to us unimpeded.”
Following up on my theme from last week, whether you are a present or future SEC whistleblower or SEC whistleblower lawyer, Ms. White’s remarks should be encouraging.
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As an SEC whistleblower law firm, The Pickholz Law Offices has represented employees, officers, and others in SEC whistleblower cases involving financial institutions and public companies listed in the Fortune Top 10, Top 20, Top 50, Top 100, Top 500, and the Forbes Global 2000. We were the first law firm ever to win an SEC whistleblower award for a client on appeal to the full Commission in Washington, an achievement that Inside Counsel magazine named one of the five milestones of the SEC whistleblower program.
For more information about the SEC whistleblower program or The Pickholz Law Offices’ SEC whistleblower practice, please click on the links to the right and top of this page.
If you would like to speak with an SEC whistleblower attorney, please feel free to call Jason R. Pickholz at 347-746-1222.
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