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Whistleblower Cases

With the signing of the Dodd-Frank Wall Street Reform and Consumer Protection Act (“the Act”) on July 21, 2010, the federal government was given a powerful tool to combat fraud: YOU. The Act created significant new financial incentives to file a whistleblower report with the SEC and also created tough protections from retaliation by employers.

What does the Act say?

Section 922 of the Act creates a whistleblower bounty program that allows the SEC to pay an award to those who voluntarily provide it with original information concerning violations of the federal securities laws, as well as the Foreign Corrupt Practices Act, that leads to the collection of over $1 million in sanctions.

Am I a whistleblower?

A “whistleblower” is any person or group of people who provides information relating to a violation of the securities laws to the SEC through official channels as described in SEC rules and regulations.

What is original information?

“Original information” refers to information that is not known to the SEC and includes information discovered by a person’s independent knowledge or analysis.

How much of an award can a whistleblower collect?

The award paid to a whistleblower can range between 10% and 30% of the total “monetary sanctions” imposed or collected from a successful action over $1 million.

Will I be fired or punished for being a whistleblower?

Section 922 of the Act specifically prohibits employers from retaliating against whistleblowers. Employers may not fire, demote, suspend, threaten, harass, or discriminate against a whistleblower. Whistleblowers who suffer from these types of employment retaliation may sue for reinstatement, double back pay with interest, litigation costs, expert witness fees, reasonable attorney’s fees, and any other damages that occurred.

How do I know if I have original information?

If you believe you have original information of a violation of the federal securities laws, or would like help determining if the information you have is original, please contact us for a free, confidential consultation at (212) 742-1414 or email at

Client Reviews

“Jake Zamasky and his colleagues represented me in a FINRA arbitration case against a large multinational bank and succeeded in obtaining an award for the full amount of my investment losses. I would highly recommend the Zamansky firm for their experience in securities litigation, their level of detailed research and case preparation, and their ability to effectively fight for what’s right.”

Richard R.

“Throughout my entire case, Jake Zamansky was incredibly responsive and spent time walking me through each step of the process. He is professional and worked with my challenging schedule, even meeting with me nights and on weekends. He knew exactly which turn to take when it came to my case and yet was respectful of any decisions I wanted to make resulting in a positive outcome.”

Donald A.

“Jake Zamansky and his firm represented me in a FINRA arbitration case to recover investment losses. Jake and his team were very professional and worked very hard preparing for trial and then reaching a substantial settlement of our case. I would highly recommend them.”

William E.

“Jake Zamansky represented me in a FINRA arbitration case which allowed me to recover a substantial portion of investment losses. He is truly an expert in this space and I would highly recommend him to those investors who may have been been a victim of investment fraud.”

Chris K.

“Jake and his team did a great job communicating with me throughout the process of my lawsuit. I would recommend him to anyone looking to sue UBS for unethical practices.”

Mike A.
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