Berman Tabacco

SEC Whistleblower Program

Practice Areas

What Types of Securities Fraud Do Whistleblowers Report?

The SEC Whistleblower Program covers all types of securities fraud, which is any act of deceiving the public in connection with the purchase or sale of a security.  Some examples include:

  • Ponzi schemes
  • False statements to the public
  • Accounting fraud
  • Front running
  • Insider Trading
  • Pump-and-dump schemes
  • ICO or cryptocurrency schemes

At Berman Tabacco, we have experience pursuing claims against all manner of securities fraud, whether in the class-action realm or, now, whistleblower arena.

Who Can Be an SEC Whistleblower?

  • An SEC Whistleblower is any person, both U.S. residents and non-U.S. citizens, who voluntarily provides original information about federal securities law violations. The whistleblower’s information must lead to a successful SEC action that results in monetary sanctions over $1 million. Whistleblowers can be company insiders or any individual with knowledge of wrongdoing, including industry experts or any concerned individual.
  • There are numerous complexities in the SEC’s Whistleblower Rules, and failure to comply may result in missing out on an award, so it is important to have veteran counsel on your side to help navigate.

What Monetary Awards Are Available to SEC Whistleblowers?

  • A whistleblower who provides original information that leads to a successful SEC enforcement action can be awarded between 10-30% of monetary sanctions if the SEC recovers over $1 million.

How Can Whistleblowers Remain Anonymous?

  • If an attorney properly submits a whistleblower’s information, a whistleblower can remain anonymous. The whistleblower’s attorney will communicate with the SEC behalf of the whistleblower. The whistleblower’s communications with his or her attorney are confidential and protected by the attorney-client privilege.

What Types of Securities Fraud Do Whistleblowers Report?

The SEC Whistleblower Program covers all types of securities fraud, which is any act of deceiving the public in connection with the purchase or sale of a security.  Some examples include:

  • Ponzi schemes
  • False statements to the public
  • Accounting fraud
  • Front running
  • Insider Trading
  • Pump-and-dump schemes
  • ICO or cryptocurrency schemes

At Berman Tabacco, we have experience pursuing claims against all manner of securities fraud, whether in the class-action realm or, now, whistleblower arena.

Who Can Be an SEC Whistleblower?

  • An SEC Whistleblower is any person, both U.S. residents and non-U.S. citizens, who voluntarily provides original information about federal securities law violations. The whistleblower’s information must lead to a successful SEC action that results in monetary sanctions over $1 million. Whistleblowers can be company insiders or any individual with knowledge of wrongdoing, including industry experts or any concerned individual.
  • There are numerous complexities in the SEC’s Whistleblower Rules, and failure to comply may result in missing out on an award, so it is important to have veteran counsel on your side to help navigate.

What Monetary Awards Are Available to SEC Whistleblowers?

  • A whistleblower who provides original information that leads to a successful SEC enforcement action can be awarded between 10-30% of monetary sanctions if the SEC recovers over $1 million.

How Can Whistleblowers Remain Anonymous?

  • If an attorney properly submits a whistleblower’s information, a whistleblower can remain anonymous. The whistleblower’s attorney will communicate with the SEC behalf of the whistleblower. The whistleblower’s communications with his or her attorney are confidential and protected by the attorney-client privilege.