SEC Whistleblower Award NYC
Securities frauds tend to be nonviolent crimes. But as the Madoff case showed, they are illegal and have the potential to ruin the lives of many innocent people. If you are sick of seeing corporate and securities frauds occurring at your company or at some other public company, there is something you can do about it. If you are successful, not only might you help stop the fraud and save innocent victims, but you might also win an SEC whistleblower award NYC from the government for your courage and efforts.
SEC whistleblower award NYC is actually a bit of a misnomer, because the U.S. Securities and Exchange Commission (“SEC”) can give awards to anyone no matter where they live. The SEC can also bring cases against financial institutions like broker-dealers and investment banks, or against public companies, no matter what States the companies operate in. When you hear “SEC whistleblower award NYC”, the speaker may simply be trying to refer to an SEC whistleblower award that was granted to someone who lives or works in New York City.
The way the SEC whistleblower program works is as follows:
- if someone voluntarily provides original information to the SEC about a fraud or violation under the federal securities laws, and
- the SEC uses that information to open an investigation or to bolster an already existing investigation, and
- the SEC brings a successful action against the perpetrators in which the SEC collects more than $1 million, then
- the SEC must give the whistleblower(s) an SEC whistleblower reward.
The SEC whistleblower award must be at least 10% of what the SEC collects from the violators. The SEC whistleblower award can be as high as 30% of the amount that the SEC collects. The SEC has given out many SEC whistleblower awards that were well above the 10% minimum.
Just a few months after the SEC whistleblower program began, Jason R. Pickholz left a partnership at a national law firm to create The Pickholz Law Offices. As an SEC whistleblower lawyer, Mr. Pickholz won one of the first SEC whistleblower rewards for a client. He also was the first SEC whistleblower lawyer ever to win an SEC whistleblower reward on appeal to the Commission in Washington, an unprecedented achievement that Inside Counsel magazine named one of the five milestones of the SEC whistleblower program. You can click here to learn more about Mr. Pickholz and his accomplishments as an SEC whistleblower lawyer.
The Pickholz Law Offices is an SEC whistleblower law firm that 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. To learn more about the kinds of cases that the Firm has handled for SEC whistleblowers, you can click on the Our Cases & Results link on the side of this page or click here.
If you have decided that it is time to act and would like to speak with an SEC whistleblower attorney, please give us a call at 347-746-1222. Your initial conversation with Mr. Pickholz of up to one hour is free of charge, so you have nothing to lose by making the call.