With few exclusions or qualifications, any individual or group of individuals, regardless of citizenship, can participate in the SEC Whistleblower Program.
In response to a long series of corporate scandals that defrauded countless investors and were either not detected by or not reported to law enforcement authorities, in July 2010, the President signed into law the Dodd-Frank Wall Street Reform and Consumer Protection Act. The Act required the Securities and Exchange Commission (SEC) to establish a whistleblower program that offers anonymous reporting, employment protections, and monetary awards to eligible whistleblowers.
Both the financial markets and the public at large needed such compelling reforms.
Indeed, in December 2011, Labaton Sucharow conducted a national Ethics & Action Survey, which revealed that 78% of Americans would be willing to report wrongdoing in the workplace if they could do so anonymously, with protection from retaliation and secure monetary awards. Even more encouraging, in July 2013, in our U.S. Financial Services Industry Survey, we found that 89% of financial services industry professionals would report wrongdoing given the same incentives and protections.
Although the difficult decision about whether, how, and when to blow the whistle will depend upon the unique facts and circumstances of each case, we have created this tool to help potential whistleblowers better understand their eligibility for these important statutory whistleblower rights.
To create your own confidential and individualized eligibility report, please click below.
Recognizing the sensitive nature of the subject matter, no personal identifying information is required to complete this eligibility calculator. Information entered into this assessment tool is not saved or reviewed by the website hosts. If you have questions about this assessment, please do not hesitate to contact us.
THIS ASSESSMENT TOOL DOES NOT PROVIDE LEGAL ADVICE. It is intended for general informational purposes only. Please be advised that legal advice cannot be given without full consideration of all the unique facts and circumstances associated with your situation and the possible violations you wish to report. Ultimately, the decision to report possible securities violations, internally or externally, is an important one and should be carefully considered. You are strongly encouraged to consult with an attorney or independently research the applicable laws and any reporting options that may be available to you within your organization.OK