Whistleblowers Starting to Step Forward TO SEC

After the subprime mortgage crisis, Congress passed the now famous Dodd-Frank Wall Street Reform and Consumer Protection Act in 2010. The idea was to protect the market as well as investors/homeowners so nothing like this could ever happen again. It was the largest financial reform of its kind since the Great Depression. One of the most important reforms included in Dodd-Frank was a section to protect whistleblowers so they could report violations to the Securities and Exchange Commission, or the SEC.

Due to the controversial nature of whistleblowers and the need for them to be protected, law firm Labaton Sucharow became the first law firm in the country with a dedicated practice for protecting those who went to SEC against companies seeking retaliation. The practice is headed by Jordan A. Thomas, a former ssistant Director and Assistant Chief Litigation Counsel in the Division of Enforcement at the SEC. During his time with the SEC, Thomas was a leader in the whistleblower program which included helping to author legislation and bills to protect those who made reports to the SEC. Labaton Sucharow also features a professional team of investigators, financial analysts, and accountants with federal and state law enforcement agencies.

There is more to it then protection. A SEC Whistleblower attorney also assists with the collection of funds owed to a whistleblower. Under federal regulations whistleblowers who lead to a successful enforcement action are entitled to 10-30 percent of the funds if the transgression is at least $1 million. When collecting such a large amount of money an SEC whistleblower lawyer is critical in making sure your funds are received without retaliation.

To request a case evaluation or to learn more about the SEC Whistleblower Program, visit Labaton Sucharow’s website here. All initial evaluations are free of charge. Your name as well as the name of the potential complaint do not need to be given at this stage, although it is extremely helpful if that information is given. All evaluations are 100 percent confidential and protected by attorney-client privileged. For international whistleblowers or for those who do not speak English, translators are available.

With a strong financial intensives as well as feeling safe for protection, it is no surprise that whistleblowers are coming forward more and more and seeking the services of Labaton Sucharow.