To see the money in hand from a whistleblowing eve

To see the money in hand from a whistleblowing event is a long and arduous process. The SEC has to collect in order to payout anything and they have to collect a minimum of $1 Million before any payout occurs.

"SEC and CFTC whistleblower programs

Whistleblowers who report wrongdoing to the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) may receive a reward if the SEC or the CFTC recovers more than $1 million as a result of the whistleblower's information. SEC and CFTC whistleblowers also are entitled to job protection.

The Dodd-Frank Wall Street Reform and Protection Act, known as the Dodd-Frank Act, created the SEC whistleblower reward program and a CFTC whistleblower reward program in 2010. Both US citizens and foreign nationals may file whistleblower claims and receive rewards.

Here are the main aspects of the SEC and CFTC whistleblower programs under the Dodd-Frank Act:
•Whistleblower rewards: Whistleblowers will receive a reward of 10 percent to 30 percent based on the amount the SEC and CFTC collect as a result of the whistleblower's information, if more than $1 million is collected. Once the SEC or CFTC recovers more than $1 million, recoveries in related cases by other agencies also are counted toward the whistleblower award. The law says certain factors will be considered to determine the whistleblower's reward: ◦The significance of the information provided.
◦The assistance provided by the whistleblower and the whistleblower's attorney.
◦The "programmatic interest" of the SEC "in deterring violations of the securities law."

•Job protection: The Dodd-Frank Act specifically states that employers may not fire, demote, suspend, threaten, harass, or discriminate against an individual who provides information to or assists the SEC or CFTC. Whistleblowers who suffer from employment retaliation may sue for reinstatement, back pay and any other damages that occurred.
•Confidentiality: Whistleblowers may report fraud anonymously, as long as they have retained a lawyer to represent them. In some cases, their identities may remain unknown even to the SEC and the CFTC until the time comes for the payment of a reward. This is the strongest confidentially provision available out of any of the federal whistleblower programs, including "qui tam" cases under the False Claims Act and the Internal Revenue Service (IRS) whistleblower program. See "Can the SEC Be Trusted to Protect a Whistleblower's Identity?" written by Phillips & Cohen partner Erika A. Kelton.

SEC whistleblower claims that have been filed with the SEC include allegations of money laundering, accounting fraud, mispricing of stock and violations of the Foreign Corrupt Practices Act (FCPA). CFTC whistleblower claims that have been filed with the CFTC include allegations of commodity price manipulation, Ponzi schemes, derivatives misvaluation and improprieties in the options markets.

Phillips & Cohen has experience representing whistleblowers in cases involving complex financial transactions and other corporate fraud. We have filed many whistleblower claims with the SEC and CFTC under the Dodd-Frank whistleblower reward programs and are working closely with enforcement officials on a number of them. In other government reward programs, we represented the whistleblower who exposed yield-burning in the municipal bond market, for example, as well as a Wall Street banker who exposed fraudulent tax shelters involving more than $10 billion of taxable income.

If you are aware of any corporate fraud, securities or commodities law violations or FCPA violations and would like to discuss your options under the SEC or CFTC whistleblower programs, please feel free to contact Phillips & Cohen to discuss the matter at no charge."

GO FITX. God is Great.