whistleblower protection attorneys

SEC / CFTC Whistleblower FAQ’s

What are the SEC and CFTC Whistleblower Programs?

The SEC and CFTC Whistleblower Programs are separate programs created by the Dodd-Frank Act that provides monetary incentives for persons who voluntarily provide original information about possible violations of the Federal Securities Laws or Commodity Exchange Act that result in an order of monetary sanctions exceeding $1 million dollars

What is original information?

Original information is derived from independent knowledge that is not publicly available. The information may be publicly available if it contains independent analysis and is not already known by the SEC or CFTC.

Do I have to work for the Company that I want to provide information about?

No, under both the SEC and CFTC Whistleblower Programs the whistleblower is not required to be an employee of the company to submit information about that company.

Do I have to report the possible violations of Federal Securities Laws or the Commodity Exchange Act first to internal compliance at my company before reporting to the SEC or CFTC?

No, under both the SEC and CFTC Whistleblower Programs the whistleblower is not required to first internally report the information to his/her company. However, if you do internally report under both programs you are required to report the information to the SEC or CFTC within 120 days to be eligible for a whistleblower reward.

Under the SEC Whistleblower Program must I be represented by an Attorney to submit my information anonymously?

Yes, under the SEC Whistleblower Program you must be represented by an attorney to submit your information anonymously.  However, under both the SEC and CFTC Whistleblower Programs an attorney will be able to assist you with the detailed provisions, fight to protect your identity, and help you secure a reward.

Under the CFTC Whistleblower Program must I be represented by an Attorney to submit my information anonymously?

No, under the CFTC Whistleblower Program you are not required to be represented by an attorney to submit your information anonymously. However, under both the SEC and CFTC Whistleblower Programs an attorney will be able to assist you with the detailed provisions, fight to protect your identity, and help you secure a reward.

How much do the SEC and CFTC Whistleblower Programs pay?

Provided that the whistleblower meets both programs criteria, the SEC and CFTC Whistleblower Programs pay between 10-30% of the monetary sanctions ordered.

Do the SEC and CFTC Whistleblower Programs have protections against retaliation by my employer?

The SEC and CFTC Whistleblower Programs provide protection against retaliation (discharge, demotion, suspension, harassment, or in any discrimination against you) by employers. Individuals are allowed to bring a private suit against their employer, and if they prevail, are entitled to reinstatement, back pay, litigation costs, expert witness fees, and attorney fees.

Young Law Group, P.C., Attorneys-at-Law, represents whistleblowers nationwide. For a free confidential consultation, please call Eric L. Young, Esquire at (215) 367-5151 or email to eyoung@young-lawgroup.com.