Skip to content

SEC Whistleblower New York City Award

What Is An SEC Whistleblower New York City Award?

Since you have landed on this page, you have probably heard that there is something called an SEC whistleblower New York City award.  Most likely you are looking for more information about what an SEC whistleblower New York City award is, and what the requirements are to win one.

SEC seal

The SEC shield

New York City does not give out SEC whistleblower awards.  When people talk about an SEC whistleblower New York City award, they are typically referring to an SEC whistleblower award.  In simplified terms, an SEC whistleblower award, or an SEC whistleblower reward, is a monetary award given out by the United States Securities and Exchange Commission (“SEC”) to people who provide the SEC with information about corporate frauds or securities law violations.

The SEC is a federal agency.  It can bring cases for securities frauds, and for corporate frauds committed by public companies, no matter where in the U.S. the company or fraudster is located.  Under the SEC whistleblower program, the SEC can give out monetary awards to qualified SEC whistleblowers located anywhere, not just in New York City.

How Do You Win An SEC Whistleblower Award?

The first basic requirement of the SEC whistleblower program is that an individual must voluntarily provide original information to the SEC about a securities law violation or a fraud at a public company.  If the SEC uses a person’s information to open a new investigation, that person may become eligible to receive an SEC whistleblower award.  Alternatively, if the SEC uses a person’s information to bolster an already ongoing investigation, that person, too, may become eligible to receive an SEC whistleblower reward.

The second basic requirement is that the SEC must bring a successful action in which it collects more than $1 million from the violator or violators.

Generally speaking, if the above requirements are satisfied, the SEC must give the whistleblower(s) an SEC whistleblower award of between 10% - 30% of the amount that the SEC collects from the violators.

Specific Rules Can Qualify Or Disqualify Someone From Receiving An SEC Whistleblower Award

In addition to the basic requirements, there are many rules that someone must satisfy to be eligible for an SEC whistleblower award.  There are also a lot of rules that could disqualify someone from receiving an SEC whistleblower reward.  Not all of these rules will apply to every SEC whistleblower; it depends on the facts and circumstances of each individual whistleblower’s particular case.

As you might imagine, there are too many SEC whistleblower rules to go into here.  If you have questions about whether you may be eligible to receive an SEC whistleblower award, you should consider consulting with an experienced SEC whistleblower lawyer.

Pickholz Law Logo
Jason Pickholz -

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.