What are SEC Whistleblower Rules
SEC whistleblower rules, established by the Dodd-Frank Act, are conditions that whistleblowers must typically satisfy in order to be considered for a financial reward and protection from employer retaliation. The SEC allows whistleblowers to receive financial rewards for their role in disclosing information about securities law violations to government agencies.
SEC Whistleblower Eligibility Rules
In order to be eligible for a financial award, the information submitted by the whistleblower must typically be voluntary and lead to a recovery by the government of at least $1 million. Additionally, the information provided by the whistleblower must be:
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From the whistleblower’s independent knowledge or analysis
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Previously unknown to the SEC
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Derived from a source other than allegations made in a judicial hearing, governmental report, the news media, or a related source
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Girard Gibbs is a national litigation firm representing consumers, investors, employees, and small businesses in cases involving consumer protection, personal injury, securities, antitrust, and employment laws. The firm’s senior partners, Daniel Girard and Eric Gibbs, have been selected for inclusion in The Best Lawyers in America® 2012 and Northern California Super Lawyers, and have earned AV-Preeminent ratings from Martindale-Hubbell, recognizing them in the highest class of attorneys for professional ethics and legal skills.