Deciding to become a whistleblower is a major step filled with complexities and uncertainties. This guide delves into what whistleblowers can expect throughout the process—from initial filing to possibly receiving a reward.

Initial Filing and Review

The journey begins when a whistleblower files a complaint with a relevant regulatory body, such as the Securities and Exchange Commission (SEC) for securities fraud or the Equal Employment Opportunity Commission (EEOC) for employment discrimination. These agencies review the complaints to determine their validity and decide whether to initiate an investigation. The SEC, for instance, ensures strict confidentiality during this phase to protect the whistleblower's identity.

Time Frame: Review durations can vary significantly, ranging from a few weeks to several months, influenced by the case’s complexity and the agency’s current workload.

Commencing the Investigation

If a complaint is validated, the agency begins a formal investigation. The nature of these investigations can vary significantly. The SEC might subpoena witnesses and require submission of records, typically taking anywhere from 6 months to over 2 years, depending on the complexity. On the other hand, the EEOC might engage in early mediation or thorough investigations followed by settlement negotiations or litigation, potentially stretching over several years.

Time Frame: Generally, investigations can last from 1 to 3 years from the point of initiation to conclusion.

Concluding the Case

Post-investigation, the regulatory body decides on the appropriate course of action. For securities law violations, the SEC might impose fines or refer cases for criminal prosecution. In cases of proven discrimination, the EEOC may attempt voluntary settlements or proceed to litigation with the whistleblower as the plaintiff.

Time Frame: Resolution can take anywhere from a few months to over two years post-investigation, depending on the case dynamics and involved legal proceedings.

The Rewards Process

For whistleblowers, particularly in SEC cases, financial incentives are possible. Whistleblowers can receive between 10% to 30% of monetary sanctions collected over $1 million. However, receipt of these awards can be delayed until all related legal processes, including appeals and fine collections, are completed, adding years to the timeline.

Braving the Process is Worth It

Despite the potential for lengthy processes and significant personal and professional risk, many find whistleblowing worthwhile. It is advisable to work with a skilled whistleblower lawyer to navigate the complexities and protect one's interests throughout the ordeal.

Whistleblowing is not just about exposing wrongdoing; it's about advocating for transparency and justice. While the journey may be arduous and fraught with challenges, the impact of standing up against misconduct can bring about significant organizational and societal change.