Kohn, Kohn & Colapinto’s whistleblower attorneys are experienced representing Dodd-Frank whistleblowers before the SEC Whistleblower Office, helped write the Dodd-Frank Act’s whistleblower law and worked closely with the SEC to ensure that the final rules for the SEC program would be whistleblower-friendly.
The firm has already won one of the largest awards ever paid by the SEC, and obtained the key precedent banning restrictive nondisclosure agreements. The SEC whistleblower program pays whistleblower awards to whistleblowers who provide the SEC with original information on violations of the Securities Exchange Act if the information 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.
In addition to working with Congress to draft the SEC reward law, Kohn, Kohn & Colapinto’s attorneys were extensively involved with the SEC’s historic whistleblower rulemaking proceeding. They 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. This included 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 receive rewards.
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.