In 2010, the United States Congress made an amendment to the financial sector’s regulations by approving the Wall Street Reforms of Dodd-Frank and the Consumer Security Act. This two acts created the first significant change since the Great Depression. The Dodd-Frank law has a very crucial role in the formation of the whistleblower program that is meant to give the informants a monetary motivation and job security. The whistleblowers are required to report companies that violate the U.S federal securities to the Securities and Exchange Commission. Read more: http://www.secwhistlebloweradvocate.com/program/program-overview
Since the approval and implementation of the legislations, there have emerged several law firms specialize in the representation of whistleblower. One of the top companies and pioneers in whistleblower representation is the Labaton Sucharow. The company entirely practices law that is meant to represent the whistleblower, and it has currently developed itself well hence, it offers the best services in the industry. It has excellent litigation structure, financial analysts, highly skilled internal investigators who are regulated by the Whistleblower Representation Practice and forensic auditors who have the best knowledge of state and federal regulations.
The attorneys who serve the Labaton Sucharow law firm are all dedicated to ensuring that the best legal representation is provided to the clients. All operations in the company are under Jordan A. Thomas, who is a former Assistant Director of the SEC and was also the SEC Enforcement Division’s Assistant Chief Litigation Counsel. He is recognized for playing an important role in the Whistleblower Program’s creation from the drafting stage to implementation during his tenure at the commission.
The Whistleblower Program indicates that the SEC informant is entitled to 10-30 percent of the money that it gets as penalties from the law breakers. The whistleblower can still be awarded more money if the sanctions exceed the threshold of one million dollars. The Dodd-Frank Act provides protection to the informant’s job and also warns the employer against harassing an employee who informs the SEC.
People who wish to report the cases anonymously can hire attorneys to work as their representatives. The public can contact the SEC Whistleblower attorneys by sending messages on the organization’s website, emails or phone calls for them to get more information on the whistleblower representation program. Whistleblowers are required to avoid disclosing their personal data when filling complain to the SEC even though it is confidential and is protected by the attorney-client privileges. NonEnglish speaking whistleblowers are given translators.