Whistleblower independent analysis

SEC Awards $1.25 Million to Whistleblower

The Securities and Exchange Commission today announced an award of $1.25 million to a whistleblower who provided specific and credible information that prompted SEC staff to open an investigation that resulted in a successful SEC covered action.

After alerting SEC staff to the underlying conduct, the whistleblower provided extensive assistance that saved SEC time and resources. The whistleblower identified witnesses, explained critical documents, and helped focus the investigation on key issues.

Read the Full Press Release

Important Whistleblower Information

The SEC is authorized by Congress to provide monetary awards to eligible individuals who come forward with high-quality original information that leads to a Commission enforcement action in which over $1,000,000 in sanctions is ordered. The range for awards is between 10% and 30% of the money collected.

Many potential whistleblowers have found that the process is not quite as easy as it appears. The SEC routinely takes years to pay a whistleblower, and often denies whistleblower claims. The importance of a well crafted whistleblower tip cannot be overstated.

Whistleblower Lawyers

This is where hiring a whistleblower lawyer can help.  The attorneys at Sallah Astarita & Cox are former SEC attorneys and broker-dealer lawyers, who know their way around these rules and regulations. They help whistleblowers present their information to the SEC and guide them through the process, including presentations to the Commission, at no cost unless there is compensation to our client.

Our fee is contingent – it is a percentage of what our client receives, and if the client receives nothing our fee is zero.

If you believe you have a whistleblower claim, give us a call at 212-509-6544, or email Mark Astarita at mja@sallahlaw.com

Have a securities law question? Call New York Securities Lawyers at 212-509-6544.

Securities Attorney at Sallah Astarita & Cox | 212-509-6544 | mja@sallahlaw.com | Website | + posts

Mark Astarita is a nationally recognized securities attorney, who represents investors, financial professionals and firms in securities litigation, arbitration and regulatory matters, including SEC and FINRA investigations and enforcement proceedings.

He is a partner in the national securities law firm Sallah Astarita & Cox, LLC, and the founder of The Securities Law Home Page - SECLaw.com, which was one of the first legal topic sites on the Internet. It went online in 1995 and is updated daily with news, commentary and securities law related links.

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