Law enforcers cannot efficiently and effectively go about their business without the help of individuals who have found it a virtue and a commitment, to tell the truth, the truth about events that would have otherwise escaped the knowledge of everyone and especially of those in authority. Such individuals and entities require our protection, though, protection by law so that they carry out such honorable duties without fear.
It is to this effect that the Dodd-Frank Act put in place a new program by the name Whistleblower to offer financial incentives and protections on employment for persons reporting cases of violation by the laws of federal securities to the SEC. The first and one in a kind firm to offer such services were Labaton Sucharow. Experts with experiences in various fields including investigators, financial analysts, and forensic accountants provide unparalleled representation for whistleblowers. Jordan A. Thomas leads the way in this practice, and he has had his good years in developing the whistleblower’s program by, for example, drafting of the proposed legislation and final implementing rules.
Whistleblower attorney represents the whistleblower and ensures their rights and privileges are adhered to as by law. SEC is required to honor the law by paying a certain percentage to the whistleblowers due to the enforcement actions of the SEC.The annual report to the Congress shows this as a working theory since SEC whistleblowers advocates have been upholding their role. Whistleblowers are being awarded, for instances, awards totaling over $57 million have been issued.
Some tips received by SEC have risen to over 4200 tips precisely. This is an indication that individuals are now confident and the representation by SEC whistleblower attorneys is efficient.
The stand-alone whistleblower retaliation case against an employee who had reported a possible security law violation in September 2016, is a good example of SEC whistleblower advocating. Charges are constantly being brought to the limelight about secret agreements to impede employees from reporting to SEC.
To say the least, the program has enabled more and more individuals to freely come forward and report about incidents that would have gone with the wind. The protections and incentives by SEC whistleblower program provide effective solutions to minimize corruption and destruction of our society as a whole. Fraudsters everywhere are having a difficult time of doing their business since SEC whistleblower program has given voice to the weak, it has given courage to the cowards, and people are more than willing to come out and speak the truth. The power of good representation, the power of SEC whistleblower lawyer.