Many law firms came up after the 2010 amendment of the Consumer Protection Act to support the development of the fight against securities violations. As a result of the amendment, the SEC Whistleblower Program was born to address the vast problems that were hindering the development of a system that could assist whistleblowers to easily share details while presenting information that can help to solve complex cases of violations. Before the program was developed, many people who had vital information that could assist in the fight against securities violations were not courageous enough to face the risks that were present at the time.
One of the risks they had to fight was getting victimized for investing time in the fight against wrong doings. Due to the fact there were limited procedures to protect whistleblowers, many perpetrators would threaten those who held information that could expose their ills. This is no longer a problem because whistleblowers can now report anonymously and there is guaranteed protection against any form of intimidation from the perpetrators, employers and any other person who might be interested in the flow of the case.
The international reporting capability that also came along with the program helps whistleblowers to share information from remote locations. One is able to send details about the violations they come across from other jurisdictions seamlessly. The SEC improved the infrastructure that deals with the submission of information to ensure anybody with facts can find an easy avenue to pass their message to the body for consideration.
With the emergence of the SEC Whistleblower Program, several law firms came up with systems that are designed to work with whistleblowers to help them present their cases more efficiently. One of the firms that entered into this field is Labaton Sucharow, a U.S.-based firm that has been in the industry for over 50 years.
Labaton Sucharow saw a gap after the formation of the SEC Whistleblower Program and in response formed a whistleblower representation service. Through this service, each whistleblower enjoys the support of a SEC Whistleblower lawyer trained to deal with matters that call for high level investigation.
The whistleblower also benefits from the guidance of a registered SEC Whistleblower attorney. There are many laws that govern the SEC and each whistleblower is expected to exhibit complete understanding of these regulations. Failure to comply with any of the laws could lead to problems in the resolution process to verify the information presented by the whistleblower.