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SEC Whistleblower Program: What is considered “original information” to qualify for an award?

 

 

“Original information” is information that is not already known to the SEC. Thus, if another whistleblower files your information with the SEC first, you will not be eligible for an award based on the same information (unless, of course, you were the original source of the information that the other person submitted).

This information can be derived from your independent knowledge (facts known to you that are not derived from publicly available sources) or independent analysis (evaluation of information that may be publicly available but which reveals information that is not generally known).

For more information about whistleblower rewards and bounties, contact the SEC whistleblower lawyers at Zuckerman Law at 202-262-8959.

To learn more about the SEC Whistleblower Program, download Zuckerman Law’s eBook: SEC Whistleblower Program: Tips from SEC Whistleblower Attorneys to Maximize an SEC Whistleblower Award:

SEC Whistleblower Program Tips from SEC Whistleblower Attorneys to Maximize an SEC Whistleblower Award

 

 

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Original information is any information that’s not otherwise already known by the SEC and this is why it’s important that when whistleblowers become aware of a violation, that they submit this information to the SEC as quickly as possible because if another individual submits the same information or information about the same violation, your information will no longer be considered original information and you will not be eligible for an award under the program.

Jason Zuckerman, Principal of Zuckerman Law, litigates whistleblower retaliation, qui tam, wrongful discharge, and other employment-related claims. He is rated 10 out of 10 by Avvo, was recognized by Washingtonian magazine as a “Top Whistleblower Lawyer” in 2015 and selected by his peers to be included in The Best Lawyers in America® and in SuperLawyers.

Matthew Stock is the Director of the Whistleblower Rewards Practice at Zuckerman Law. He represents whistleblowers around the world in SEC, CFTC and IRS whistleblower claims. He is also a Certified Public Accountant, Certified Fraud Examiner and former KPMG external auditor.