The Securities and Exchange Commission whistleblower reward program provides a way for whistleblowers to stop securities law and SEC rules violations and receive a reward.
The SEC whistleblower program, created by the Dodd-Frank Act, also offers whistleblowers job protection and confidentiality.
Phillips & Cohen’s attorneys have had the most success for whistleblowers who have claims with the SEC whistleblower reward program. Phillips & Cohen has won SEC awards for three clients, including the largest SEC whistleblower award (more than $32 million) — more than any other law firm.
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.