Whistleblowers from all parts of the globe are reporting and breaking their silence on a variety of critical security violations to the Securities and Exchange Commission. Consumer Protection Act and Dodd-Frank Wall Street was a bill enacted in 2010 by the Congress. It brought about a big turnaround of events in the entire United States financial regulation since the Great Depression. Among its numerous changes, the Dodd-Frank Wall Act discovered a new whistle-blower program that offers significant financial incentives and employment protections for individuals who want to report potential criminal acts of the federal securities laws to SEC (Securities and Exchange Commission).
In response to this new enactment, Labaton Sucharow Law firm was the first in the United States to start this practice; it exclusively centered on advocating and protecting SEC whistle-blowers who are the SEC whistleblower lawyer and the whistleblower. Building on the company’s market leading securities indictment platform, Labaton Sucharow Law Company holds an international in-house team used to represent Whistle-blowers. The team comprises of highly trained accountants, financial analysts, and private investigators who have state and federal law legal experience so as to offer unmatched representation for any whistle-blower. Mr. Jordan A. Thomas leads the practice; he was a Chief Indictment Counsel in the Division of law-enforcement at the Securities and Exchange Commission. During his time in office at the SEC, Mr. Thomas played a superintendent role in the development of the Whistle-blower bill which included drafting of the proposed final rules and legislation.
Under the whistle-blower rules, the Securities and Exchange Commission is supposed to pay qualified whistle-blowers a maximum of 30% and a minimum of 10% of the money collected as a result of a successful SEC law enforcement action. In the event this threshold is achieved, the crime reporter may qualify for additional money based on the funds the sanction gained in the related action brought by other law enforcement organizations. The Dodd-Frank bill also hinders employers who prey on whistle-blowers who report to the SEC. Whistle-blowers may also report potential security violations in secret if represented by a SEC whistleblower attorney.
With very limited exclusions and qualifications, anyone or group, regardless of their citizenship, is qualified to take part in the SEC Whistle-blower Program.
The Dodd-Frank Wall Street act was a result of a chain of series of corporate scandals that had defrauded and derailed many investors including the government and went undetected or unreported due to fear of victimization.
Learn more: http://www.secwhistlebloweradvocate.com/