Why You Should Hire an SEC Whistleblower Attorney
Fraud 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.
For real life stories of the dangers of going it alone without an attorney, click here and here.
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.
SEC whistleblower attorney Jason Pickholz on Lawline (2018)
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.
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