Whistleblower Anonymity, Protection & Awards

STOCKBROKER LAW - Posted on January 20, 2017

Learn About Whistleblower Protection, Anonymity & Awards

An Attorney for Whistleblowers

Securities Whistleblower Incentives and Protection (15 USC 78u-6)

The Federal Securities Whistleblower Incentives and Protection Statute is contained in 15 USC § 78u-6. This
statute provides qualified whistleblowers the right to claim monetary remedies pursuant to its terms. Whistleblowers who provide
original information in a covered judicial or administrative action brought by the Securities Exchange
Commission under the securities laws that result in monetary sanctions exceeding $1,000,000.

The independent knowledge or analysis of a whistleblower made known to the Commission as the original
source of information of fraudulent activity may afford a Whistleblower access to compensation from any
monies, penalties, disgorgement, interest, court order payments and monies deposited into a disgorgement
fund pursuant to the Sarbanes – Oxley Act of 2002 (15 USC 7246). Awards under the Whistleblower provision can
range from 10% to 30% of the monies collected by way of monetary sanctions imposed in the action or
related actions.

Importantly, Whistleblowers are also offered the opportunity to file Whistleblower complaints anonymously through counsel without having to expose
their identity to their employer during the during time frame of the investigation and related
proceeding process associated with a Whistleblower claim.

Additionally, Whistleblowers are afforded protection against retaliation including discharge, demotion,
suspension, threats, harassment and any other discriminatory action which a whistleblower might face in
the event their involvement with a Whistleblower proceeding is made known.

Are you a whistleblower? Do you want to talk about the Whistleblower process? We offer a free
confidential initial consultation to Whistleblowers who feel they may have a viable claim entitling
them to recovery. For a free initial consultation contact the Law
Offices of Timothy J. O’Connor at (518) 426-7700.