Whistleblowers from many facets of life are reporting securities violations to the SEC. The Dodd-Frank Wall Street Reform and Consumer Protection Act were created by U.S. Congress in 2010. It is the biggest overhaul of any United States financial regulations since the occurrence of the Great Depression.
The Dodd-Frank Act created a new whistleblower program. This Act allows whistleblowers to get protected employment and financial incentives to report potential violations of federal securities laws. Whistleblowers report to the Securities and Exchange Commission (SEC).
Labaton Sucharow is the first law firm in the U.S. to focus exclusively on advocating and protecting whistleblowers. This law firm has the best financial analysts, investigators and forensic accountants. They all have extensive experience in state law enforcement and provide the best possible representation.
Jordan Thomas is the leader of the firm. He has experience as an Assistant Director and as a Chief Litigation Counsel in the SEC’s Enforcement Division. While he worked for the SEC, he was in a leadership position with developing the Whistleblower Program. He created drafts of the proposed legislation. He also was involved with the final implementing rules.
According to the program’s regulations, the SEC must pay whistleblowers 10-30% of monetary sanctions that are collected because of successful SEC enforcement. The sanctions must be greater than $1 million. Upon reaching this threshold, the whistleblower may be able to get additional awards based on collected monetary sanctions. Additionally, such related actions must be brought by other regulatory agencies and law enforcement organizations.
According to the Dodd-Frank Act, it is unlawful for any employer to retaliate against a whistleblower. Whistleblowers are also allowed to report any securities violations anonymously, as long as he/she is represented by an attorney.
If interested in the SEC Whistleblower Program or to receive a case evaluation, the potential client should contact the legal team. There are many different ways to contact the law firm, including phone, email or through the website. The firm also offers free consultations/case evaluations. All of the consultations are confidential and have the protection of the attorney-client privilege.
During the first consultation, potential clients are not required to give the names of the violators. It is, however, encouraged that the names are provided.
Contact an SEC whistleblower lawyer today.