The Securities and Exchange Commission whistleblower reward program provides a way for whistleblowers to stop violations of securities laws and SEC rules and receive a reward.
The SEC whistleblower program, created by the Dodd-Frank Act, also offers whistleblowers job protection and confidentiality.
Phillips & Cohen has a strong, successful SEC whistleblower practice. The law firm has won SEC whistleblower awards for three clients, including one of the largest SEC whistleblower awards (more than $32 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 $1 million, the whistleblower will receive a reward.
If you are considering being an SEC whistleblower and would like to discuss your options with an attorney, please contact us.