Protecting The Rights Of Whistleblowers In The Financial Services Industry


The financial services industry is heavily regulated. It takes the hard work and attention of thousands of employees in the industry to help ensure these important regulations are being adhered to. When a financial employee recognizes wrongdoing, they should be applauded for their actions.

Too often, however, brokerages and investment firms punish their workers for whistleblowing. If your employer retaliated against you for whistleblowing, Timothy J. Dennin, P.C., in Manhattan and Long Island, will provide an aggressive defense of your employment rights.

Federal Whistleblower Protections For Financial Workers

The Occupational Safety and Health Administration (OSHA) has clear guidelines that protect workers in all industries who report violations of state and federal laws. For those workers who work for banks, brokerage firms and other financial institutions, there are two key whistleblower laws that may be applicable to your situation:

  • Consumer Financial Protection Act (CFPA): Employees who report violations of this law or any violations that fall under the purview of the Consumer Financial Protection Bureau (CFPB) have protection against retaliation.
  • Sarbanes-Oxley Act (SOX): This law contains protections for workers of publicly traded companies and their subsidiaries, as well as workers at nationally recognized statistical rating organizations, who report alleged instances of securities fraud, wire fraud, mail fraud and bank fraud. The law also covers reporting of SEC violations and violations of laws pertaining to shareholder fraud.

Were You Terminated Or Retailed Against For Whistleblowing? We Can Help.

If your employer took retaliatory action against you, now is the time to pursue your options for legal recourse. There is a strict 180-day deadline in place to file a complaint, making it critical to contact a securities lawyer as soon as possible. Our founding attorney, Timothy J. Dennin, will help you begin to take immediate legal action by filing a whistleblower complain with OSHA.

In addition to our offices in Northport and New York City, we have the resources and prior experience needed to represent clients across the United States, as well as those located abroad. Contact us now to schedule your free, confidential consultation by calling 866-437-9475. You may also email our lawyer directly by using our contact form.