Information About The New York City SEC Whistleblower Program

Do you believe that you have information about a fraud or securities violation occurring at the company where you work, or at some other company?  If you do, you may have considered reporting this information to the government or to a regulator, so that they can stop the fraud and obtain justice for the victims.  If the company is a public company, meaning that its stock is traded on a securities exchange like the NYSE or NASDAQ, or if it is an institution involved with investments or stocks, the New York City SEC whistleblower program may be the place for you to turn.


New York City SEC whistleblower program

                            The SEC shield

As a preliminary matter, the “SEC” is the United States Securities and Exchange Commission.  It is a federal agency, not a New York one.  If you heard someone mention the New York City SEC whistleblower program, they were most likely referring to the SEC whistleblower program.  By calling it the New York City SEC whistleblower program, they were probably just trying to clarify that New York City residents and employees are eligible to participate in it.

The U.S. Congress established the SEC whistleblower program in 2010.  Its purpose was to empower the SEC to give out a monetary SEC whistleblower award to anyone who voluntarily provides the SEC with original information about corporate frauds or securities law violations.

To be eligible for an SEC whistleblower reward, first the SEC must use the whistleblower’s information to open a new investigation, or the whistleblower’s information must enhance an already ongoing SEC investigation.  Then, the SEC must bring a successful action in which it collects more than $1 million from the perpetrator(s) of the fraud.  If these conditions are satisfied, the SEC must give out an SEC whistleblower award of between 10% – 30% of the amount that it collected in the action to the eligible whistleblower(s).

Keep in mind that there are a lot of additional rules and requirements to be eligible to receive an SEC whistleblower award.  There are also a lot of rules that could disqualify someone from receiving an SEC whistleblower award.  If you have any questions or concerns, it might be in your best interests to consult with an experienced SEC whistleblower lawyer at a dedicated SEC whistleblower law firm.

The Pickholz Law Offices is an SEC whistleblower law firm.  It was created a few months after the SEC whistleblower program came into being, with the specific purpose of giving SEC whistleblowers big firm caliber legal representation with the personal attention and caring uniquely possible at a specialized boutique.

Since then, the Firm 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.  You can see what some of those clients have to say about The Pickholz Law Offices by clicking on our client Testimonials page.

The Pickholz Law Offices was one of the first law firms to win an SEC whistleblower award for a client.

We were also the first SEC whistleblower law firm ever to win an award on appeal to the Commission in Washington, D.C.  This unprecedented achievement was named as one of the five milestones of the SEC whistleblower program by Inside Counsel Magazine.

To learn more about The Pickholz Law Offices, feel free to click on any of the links in the margins of this page.

If you want to speak with an SEC whistleblower attorney, please call us today at 347-746-1222.  Your initial conversation of up to one hour is free of charge.



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