In 2010, the Dodd-Frank Wall Street Reform was enacted by Congress and the Consumer Protection Act. According to reliable sources, this was the most sweeping overhaul of the financial regulation in the United States since the Great Depression. While the Congress has numerous reforms, the Dodd-Frank has an established whistleblower program that provides significant financial incentives and employment protections for all those who report ant possible federal security laws violations to the Exchange and Securities Commission (SEC).
When they respond to this historic legislation, Labaton Sucharow was the first law company in the United States to establish this practice. They focus on advocating for the SEC whistleblowers and protecting their rights as stated in the constitution. While they build on the firm’s litigation platform for the market-leading securities, the Whistleblower Representation Practice has a world class leverage in-house team of solution providers and legal representatives who are forensic accountants, financial analysts, and investigators with state and federal laws enforcement experience to provide the most excellent representations for SEC Whistleblowers. Jordan A. Thomas is the leader of the legal representation for whistleblowers. He is the former Director of the SEC Enforcement Division as an Assistant Chief Litigation Counsel. During his period at the Securities and Exchange Commission, Jordan Thomas played a vital role in the development of the program through his leadership. This included the development of the final implementation rules and the proposed litigation.
Under the program rules, the Securities and Exchange Commission will pay all the eligible whistleblowers an amount between 10 percent and 30 percent of the sanctions in monetary value collected through the successful enforcement action of SEC or other sanctions that exceed $1 million. If the whistleblower meets this amount, they can be eligible for an extra amount based on the collected sanctions concerning the case. The related actions can also be brought together through the law and regulatory enforcement organizations. The Dodd-Frank Act prohibits employers from retaliation against the whistleblowers reporting the following program rules. For the most, the whistleblowers may report any possible violations of security if represented by an attorney.
For more information about the Securities and Exchange Commission whistleblowers Program or a case evaluation request, contact our practice in some ways including email, telephone, and electronic submission through the website all case assessment and initial consultations are protected, free, and confidential by the privilege. In the first consultation, you will provide your identification material and the names of violators.