The Securities and Exchange Commission whistleblower reward program provides a way for whistleblowers to stop insider trading and other securities law and SEC rules violations and receive a reward.
Phillips & Cohen's attorneys have had the best success for whistleblowers who have claims with the SEC whistleblower reward program. More than half of the SEC whistleblower awards have gone to whistleblowers represented by Phillips & Cohen, including the largest SEC whistleblower award (more than $32 million) and the third largest SEC whistleblower award (more than $3 million).
The top types of fraud reported under the SEC whistleblower program include price manipulation, Foreign Corrupt Practices Act violations, insider trading, fraudulent corporate disclosures, offering fraud and trading and pricing violations.
If the amount of money the SEC recovers as a result of the whistleblowers' information exceeds $2 million, the whistleblower will receive a reward. The SEC whistleblower program, created by the Dodd-Frank Act, also offers whistleblowers job protection and confidentiality.
If you are considering being an SEC whistleblower and would like to discuss your options with an attorney, please contact us.