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SEC & CFTC Whistleblowers

Do You Have Inside Information on Corporate Fraud or Federal Securities Law Violations?

Our SEC and CFTC Whistleblower Attorneys Help Individuals Report Securities Fraud and Maximize Their Cash Reward

SEC & CFTC Whistleblowers Securities fraud costs investors over $45 billion each year. Enacted in 2010, the Dodd-Frank Wall Street Reform and Consumer Protection Act is in place to protect our nation’s financial industry from fraud and other abuses by regulating the activities of bankers, traders, investors, brokers, accountants, stockholders, public companies and others in the securities industry.

The Dodd-Frank Act amended the whistleblower provisions of Securities Exchange Act of 1934 to allow private citizens to report any knowledge of market manipulation or other federal securities law violations.

Both the U.S. Securities and Exchange Commission’s (SEC) whistleblower program and the U.S. Commodity Futures Trading Commissions (CFTC) whistleblower program offers significant cash awards for tips leading to a successful recovery of defrauded funds.

Our Herskovits securities fraud whistleblower attorneys represent whistleblower clients worldwide. We are dedicated to ensuring the privacy and career protection of each individual SEC and CFTC whistleblower throughout the entire process from filing the claim to collecting the maximum cash award.

If you have knowledge of securities or commodities violations, connect with Robert Herskovits or a Herskovits team member for a confidential, no-cost case and whistleblower reward evaluation: (212) 897-5410 or Report Online

NOTE: Do not call or email us from your work phone or computer.

SEC and CFTC Whistleblower Cases: Typical Illegal Activities

Common types of fraud reported under the SEC and CFTC whistleblower programs include:

  • Accounting fraud
  • Bribery
  • Embezzlement
  • Foreign Corrupt Practices Act (FCPA) violations
  • Insider trading
  • Fraudulent securities sales
  • Misappropriation
  • Misrepresentation of company finances
  • Money laundering
  • Ponzi schemes
  • Theft

The fact patterns in corporate misconduct cases are often complex and it is not always obvious on the surface exactly what illegal activities have occurred. If your instinct tells you something is wrong, you are very likely right.

Our experienced SEC whistleblower attorneys and investigators can help determine the relevant facts and laws while protecting your career and your rights to a possible whistleblower cash bounty.

SEC and CFTC Offer Whistleblower Cash Awards

Under the Dodd-Frank Act, eligible whistleblowers whose information leads to successful SEC or CFTC recovery are entitled to receive between 10% and 30% of the money recovered. The specific amount of the SEC or CFTC whistleblower award is determined using several criteria, including:

  • Timing and adherence to proper reporting procedures
  • Significance of the information provided
  • Extent of aid provided by whistleblower and attorney
  • Extent of interest to SEC or CFTC “in deterring violations of the securities laws”

Since 2010, the SEC has awarded securities fraud whistleblowers over $100 million in cash awards for their valuable information. The SEC paid a record $57 million to whistleblowers in 2016 alone.

Both U.S. citizens and foreign nationals are eligible to file a whistleblower claim and collect a reward. The SEC awarded an Australian citizen $3.75 million in September 2016.

Herskovits PLLC expert SEC and CFTC whistleblower attorneys represent whistleblowers who choose to report knowledge of corporate fraud and other complex securities law violations. We work closely with a team of experts to ensure the SEC or CFTC accepts your claim and maximizes your securities fraud whistleblower reward.

Discuss your options now in a free, confidential consultation: (212) 897-5410 or Report Online.

How to File a Securities Fraud Whistleblower Claim

To claim a cash whistleblower award, securities whistleblowers must offer voluntary information of securities law violation(s) that leads to SEC or CFTC recovery of at least $1 million. The whistleblower must be the original source of information that is previously unknown to the SEC or CFTC and does not come from information revealed public reports, hearings, media or other public sources.

If you are considering filing a whistleblower claim with the SEC or CFTC, several criteria are important to consider when choosing a SEC whistleblower attorney. Your attorney must be experienced in preparing desirable claims that stand out from the thousands the SEC and CFTC receive.

Further, access to a team of expert securities fraud investigators will help compile critical evidence to ensure a winning claim. Finally, expertise in securities fraud law is key to the preparation of a detailed, complete whistleblower claim that maximizes your cash award.

Veteran SEC and CFTC whistleblower attorney Robert Herskovits and the team at Herskovits PLLC lead the nation in securities fraud whistleblower claims. In 2015, the SEC awarded a Herskovits PLLC client one of the largest whistleblower awards in the history of the Dodd-Frank whistleblower program at that time, $1 million – the second award ever granted to an internal audit or compliance officer by the SEC.

Learn whether your information makes you eligible for a whistleblower cash award: (212) 897-5410 or Report Online.

SEC and CFTC Provide Privacy and Anti-Retaliation Protections

In addition to cash awards, SEC and CFTC whistleblower laws prohibit employers from firing, demoting, suspending, threatening, harassing or otherwise discriminating against a whistleblower. Whistleblowers who suffer from employment retaliation sue for job reinstatement and twice the amount of back pay lost due to retaliation.

SEC and CFTC whistleblower programs also contain powerful confidentiality provisions for those whistleblowers who hire an attorney to report their knowledge of securities fraud. Officials in these cases often keep a whistleblower’s identity fully confidential until, and even after, an award is collected.

If you have knowledge of securities violations or corporate fraud and would like to learn your options for filing an SEC or CFTC whistleblower claim, Robert Herskovits or a Herskovits PLLC attorney can help explain the process at no charge: (212) 897-5410 or Report Online.

Client Reviews
I give Rob Herskovits and his law firm my strongest possible recommendation. He expertly guided me through a challenging and highly adversarial FINRA disciplinary hearing. Due largely to Rob's extraordinary efforts, each of FINRA's charges were ultimately dismissed by the hearing panel. It is unusual to beat FINRA on their home court, and I'm grateful to have had Rob by my side. Matt D.
Rob has handled customer matters (mediations and arbitrations) as well as regulatory matters for my firm. He is very knowledgeable about the process, and can explain the details in layman's terms. Rob presented our case very well and achieved successful results in every engagement. Jay
I give Robert my highest recommendation. He and his firm helped me through what could have been an extended and financially troubling time. I am not sure that I could have cleared up a false accusation by a previous client had it not been for Robert and his firm, and for that I am very grateful. Derrick
Rob was great he helped my partner and I last year get two cases removed from our record that had no merit. You know how the firms are they represent themselves and settle we suffer. Rob represents you and he’s great!! Jeremy