Financial Rewards for SEC Whistleblowers
Under the Dodd-Frank Act, whistleblowers who submit information about securities law violations may receive an award of 10-30% of the amount the government agency recovers. In order to be eligible for an award, whistleblowers must satisfy SEC Whistleblower Rules established by the Act. The award is determined by, among other things:
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The significance of the information
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The assistance provided by the whistleblower
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The SEC’s interest in preventing the particular type of fraud reported
Other Protections & Rewards for SEC Whistleblowers
In addition to financial rewards for whistleblowers, the Dodd-Frank Act protects whistleblowers from employer retaliation:
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Confidentiality for SEC Whistleblowers - The law contains one of the strongest confidentiality provisions for whistleblowers ever enacted, allowing whistleblowers who have hired an attorney to report fraud anonymously. Whistleblowers’ identities may remain unknown even to the SEC until the time comes for the payment of an award.
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Job Protection for SEC Whistleblowers - The law prohibits employers from retaliating against whistleblowers. Employers may not fire, demote, suspend, threaten, harass, or discriminate against a whistleblower. Whistleblowers who suffer from employment retaliation may sue for reinstatement, and are entitled to twice the back pay owed.
Want More Information about SEC Whistleblower Rewards?
For more information about SEC whistleblower rewards, please fill out the form to the right or call toll-free (866) 981-4800 to speak with one of our whistleblower attorneys.
Why Girard Gibbs?
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.