Securities Fraud

SEC Whistleblower Rewards Program

Experienced qui tam attorneys representing SEC whistleblowers before the SEC Whistleblower Office

The Securities and Exchange Commission’s whistleblower reward program provides monetary incentives to individuals who submit the information that leads to successful enforcement actions.

The SEC whistleblower reward program, established in 2010 under the Dodd-Frank Act, pays whistleblower awards to eligible individuals who voluntarily provide the Securities and Exchange Commission (SEC) with original information on violations of the Securities Exchange Act that leads to a successful enforcement action resulting in monetary sanctions exceeding $1,000,000. The range for awards is between 10 and 30 percent of the money collected.

The Dodd-Frank Act is meant to preserve the integrity of the United States’ capital markets and promote financial stability by improving accountability and transparency.

Dodd Frank Whistleblower Protection Services

Kohn, Kohn & Colapinto’s partners met personally with each of the five SEC Commissioners and presented detailed reports and proposals setting forth rules that were essential to make the law work for Dodd-Frank whistleblowers as intended by Congress. The SEC adopted the key recommendations for enhancing its Whistleblower Reward Program advocated by KKC partners. The following two proposals were adopted by the SEC: establishing the right of corporate compliance officials and directors to obtain rewards; and ensuring that employees who “participated” in a fraud but did not “plan and initiate” the fraud, could obtain rewards.

What is Securities Fraud?

Securities Fraud can include insider trading; “Ponzi” schemes; accounting fraud; and “front running,” which means a trader knows of a pending customer order for security and buys or sells from his or her own account to make an illicit profit.

Why choose Kohn & Kohn & Colapinto?

Experienced whistleblower attorneys – At Kohn, Kohn & Colapinto earned the reputation as the premier whistleblower attorneys by winning for whistleblowers for over 30 years.

Leading role in shaping the federal laws that protect and reward whistleblowers. Kohn, Kohn & Colapinto’s dedication to assisting whistleblowers led us to take a leading role in shaping the federal laws that protect and reward whistleblowers. The partners at Kohn, Kohn & Colapinto work pro bono with Congress to include strong whistleblower protections in reform legislation including the Dodd-Frank Act, the Whistleblower Protection Enhancement Act, the Sarbanes-Oxley Act, the Consumer Product Safety Act, the federal stimulus laws, and the Civil Rights Tax Relief Act. Our attorneys often testify in Congress to defend whistleblowers rights and advocate for effective legislation.

We wrote the book on whistleblower law – The partners at Kohn, Kohn & Colapinto, LLP wrote the leading books on whistleblower law and pioneered the practice area of whistleblower law. Beginning in 1985 with the first legal treatise on whistleblower law, and continuing through 2017, KKC partners have published eight groundbreaking books covering the full range of whistleblower law.

If you would like to learn more about how to report securities fraud or violations of securities laws under the SEC whistleblower program, please contact Kohn, Kohn & Colapinto to discuss the matter at no charge.

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Dodd-Frank Act whistleblower protections and rewards

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