Consider the factors that count most when choosing a SEC whistleblower lawyer or a CFTC whistleblower lawyer:
Success. Expertise. Experience.
We know how to win SEC and CFTC whistleblower rewards for our clients.
Phillips & Cohen has won several SEC whistleblower awards for its clients, including the largest SEC whistleblower award in agency history - more than $32 million. It also won for clients two additional SEC whistleblower awards, one for more than $3 million and another for $325,000.
Phillips & Cohen has won one-third of the total amount awarded to whistleblowers since the implementation of the SEC's whistleblower reward program.
Our attorneys have extensive experience working with both the SEC and the CFTC on whistleblower matters. One of our partners, Sean McKessy, was the chief of the SEC Office of the Whistleblower for five years and knows the SEC whistleblower program better than anyone.
Phillips & Cohen has been representing whistleblowers for nearly 30 years in government reward programs - longer than any other law firm - and is the nation's most successful whistleblower law firm. Our cases have resulted in recoveries totaling more than $11.6 billion in civil settlements and criminal fines. Overall our clients have received whistleblower awards totaling more than $1 billion.
We know how Wall Street works.
We represent whistleblower clients in the financial industry around the world, from traders to CFOs to others in the executive suite. Our SEC and CFTC whistleblower cases cover many different types of violations, including allegations of bribery of foreign officials (violations of the Foreign Corrupt Practices Act); rate and price manipulation of securities, options, derivatives and other commodities; money-laundering schemes; improper accounting practices; insider trading; Ponzi schemes; mischarging securities transactions (by algorithm or otherwise); front-running; and improper valuation of currencies and other commodities.
We have had success with whistleblower cases involving financial fraud even before the Dodd-Frank Act created the SEC and CFTC whistleblower reward programs in 2010. For instance, we represented an investment banker in a whistleblower case that exposed the practice of "yield burning" in the municipal bond market and resulted in Goldman Sachs, Lehman Brothers and other major Wall Street firms paying more than $200 million to the federal government and municipalities to settle the case.
We know how the SEC and the CFTC work.
Because of our known expertise and record of success in whistleblower cases, Phillips & Cohen attorneys worked closely with the SEC and CFTC to set up their whistleblower programs. The New York Times noted in a news article that Phillips & Cohen attorneys "played a central role in advising the Securities and Exchange Commission on the rules creating its whistle-blower program, including a provision to broaden the list of who was eligible to file a claim."
Sean McKessy, a Phillips & Cohen partner, was the initial chief of the SEC Office of the Whistleblower and helped build the program from just an idea to a thriving program that SEC officials consider to be "transformative" for their enforcement efforts and has awarded over $100 million to whistleblowers.
We have spent a substantial amount of time working with SEC and CFTC investigators and enforcement officials on cases that we have filed on behalf of whistleblower clients. In a reflection of that effective partnership, a Phillips & Cohen partner was an invited speaker at a recent, invitation-only conference for federal securities law enforcement officials about the SEC whistleblower program. Our attorneys have arranged and moderated panels with the directors of the SEC and CFTC whistleblower offices at several conferences, and have good working relationships with those offices.
Our work on a whistleblower case makes it much more likely the SEC and CFTC will investigate. The SEC and CFTC receives thousands of whistleblower claims each year, so we do a lot of work before filing a claim to demonstrate the merit of our clients' claims to the SEC and CFTC. The SEC and CFTC have limited resources and can pursue only a certain number of whistleblower claims at a time. Our experience with the agencies and their whistleblower offices gives us valuable insights that benefit our clients.
Recognition on best lawyers' lists.
Our expertise is widely recognized. Phillips & Cohen partners have been regularly named to Lawdragon's "500 Leading Lawyers in America" list as well as The National Law Journal's elite "Plaintiffs' Hot List" of the top 20 or so plaintiff law firms in the US. Phillips & Cohen attorneys have been invited speakers on a number of conference panels with SEC and CFTC officials, both in the U.S. and Europe, to discuss the agencies' whistleblower programs. And our attorneys frequently are interviewed by the media for stories on whistleblower matters and the SEC and CFTC whistleblower programs.
- Articles about the SEC and CFTC whistleblower reward programs quoting Phillips & Cohen attorneys.
- Op-eds and published letters to the editor about the SEC whistleblower program written by Phillips & Cohen attorneys.
- "Fraud Matters," an online column on Forbes.com that discusses issues relevant to SEC, CFTC and other whistleblowers. It is written by a Phillips & Cohen whistleblower attorney Erika A. Kelton, who is a Forbes contributor.