In most cases, whistleblowers have legal protections against retaliation. If you exercise your legal rights at work in good faith, for example, there are laws that prohibit your employer from firing you or taking other adverse job actions against you. If you report that your company is engaged in fraud against the government, you are not only protected from retaliation but also may claim a percentage of the recovered money as a reward. You should work with an experienced lawyer to ensure your rights are protected, but the law is on your side.
In light of a 2016 Supreme Court ruling, the Second Circuit Court of Appeals has ordered a federal court to reconsider the case of two men who tried to blow the whistle on actions by Wells Fargo and two mortgage lenders before the 2008 financial crisis.
The U.S. Supreme Court recently announced that it will review the application of the Dodd-Frank Act to whistleblowing activity in the financial sector. The vice president of a San Francisco-based company was fired when he told senior management at his firm that his supervisor had apparently done away with some internal controls, which violated securities law.