Have you discovered information about a corporate crime, financial or accounting fraud, or other securities violation? Are you trying to decide what to do with this information and where to turn? If so, you may or may not be aware of the SEC Whistleblower Award Program, which requires the U.S. Securities and Exchange Commission (SEC) to give monetary awards to people who provide it with information about these kinds of crimes. There are a lot of rules, though, that determine whether someone is eligible to be an SEC whistleblower or to receive an award under this program. Whether you have already decided that you want to be an SEC whistleblower or are still trying to decide, one of the things you are probably trying to figure out is how to find an SEC Whistleblower Lawyer NYC residents, and residents of other States, like you can turn to for help.
Some people are aware that the SEC investigates stock frauds, but they may not be aware that the SEC investigates a lot of other things, like corporate or accounting frauds at public companies, and violations of the Foreign Corrupt Practices Act (FCPA), to name a few. An SEC whistleblower lawyer NYC can help you decide whether the information you have would be of interest to the SEC.
In 2010, the Dodd-Frank Act created the SEC Whistleblower Award Program, which was designed to encourage people like you to come forward to report information about wrongdoing to the SEC. Generally speaking, if a whistleblower’s information helps the SEC to win a case against a company or individuals and the SEC collects over $1 million as a result, then the whistleblower(s) will be eligible to receive a monetary award. By law the award must be 10% – 30% of the amount of money that the SEC collects from the wrongdoers.
Another question you may have is whether the SEC will protect your identity if you become an SEC whistleblower. With certain exceptions, when you report to the SEC through its whistleblower program, the Dodd-Frank Act requires the SEC to keep your identity confidential. Some people confuse this with “anonymity”. Under the SEC whistleblower program, “anonymity” means that even the SEC does not find out who you are unless and until they give you an award. To proceed anonymously, the SEC Rules require you to have a lawyer. An SEC whistleblower lawyer NYC can explain the differences to you and help you decide which is the better option for you. This is another reason why you should look for an SEC whistleblower lawyer NYC residents, employees, and customers like you can rely on, who has successfully been through the entire process at the SEC, who understands not only the written rules but also how those rules are interpreted and applied by the SEC, and who can guide you through the system.
About Jason Pickholz, SEC Whistleblower Lawyer NYC
Jason 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 lawyer to ever successfully convince the Securities and Exchange Commission to grant his client an SEC whistleblower award over an initial recommendation by its staff to deny any award. This was the first time in the history of the SEC Whistleblower Award Program that the Commission overruled an adverse Preliminary Determination by its Claims Review Staff. (See official SEC Award here.) Inside Counsel Magazine named this as one of the “Five milestones in the Dodd-Frank whistleblower reward program”. For related articles click here (Boston Business Journal) and here (NY Times).
For over 20 years, since long before the Dodd-Frank Act, Mr. Pickholz has been helping clients provide information to the SEC and interact with the SEC’s lawyers and staff. Mr. Pickholz has also chaired and taught programs on the SEC whistleblower program. He is a co-author of the two-volume book Securities Crimes, published by Thomson Reuters, for which he wrote the chapter on the SEC whistleblower program. You can find out more information about Mr. Pickholz by clicking on the links to the right side of this page.
If you would like to speak with an SEC whistleblower lawyer NYC, you can contact The Pickholz Law Offices to set up an initial consultation. Your initial conversation with Mr. Pickholz is free, which means that you are under no obligation to hire The Pickholz Law Offices after your initial consultation is finished. To get started today, please call us 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 attorney. 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 and conditions governing the use of this web site, please click on the “disclaimer” link at the bottom of this page or click here .
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