Lawyers

An In-Depth Review of Labaton Sucharow With Focus On Firm’s Whistleblower Assistance

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.

 

Labaton Sucharow

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.

 

 

The Privileges that are offered by the SEC Whistleblower Program.

In 2010, the United States Congress made noteworthy amendments to the laws that control the finance sector when they passed the Wall Street Reforms of Dodd-Frank and the Consumer Security Act. The last transformation that had occurred in the industry was caused by the Great Depression and this two laws led to the formation of the whistleblower protection program. The rules that were set by this plan aim at safeguarding the rights of any individual who gives useful information to the Securities and Exchange Commission. The regulations protect the jobs of the whistleblowers and also offers a significant monetary incentive.

Many law companies in the United States are devoted to providing their legal services to informants of the SEC. Some of them were created in 2010 after the passing of the whistleblower protection program while others only formed units to provide legal services to the informants. Labaton Sucharow is a pioneer in the business, and it offers the best services. The company’s whistleblower representation practice enables easy filing of litigations, and it is facilitated by staff members that include finance auditors, detectives, and forensic experts who are knowledgeable in the enactment of state and federal laws. The attorneys and other employees of the company ensure that the whistleblowers receive outstanding services.

Jordan A. Thomas is the senior attorney of the Labaton Sucharow. He has made sure that the firm offers the best plaintiff representation, and he has ample skills in the securities sector since he was a SEC’s deputy director and the enforcement division’s assistant principal litigation advocate. Mr. Thomas was one of the experts who formed the whistleblower protection program.

The SEC offered to be giving 10 to 30 percent of the penalties to the informant. The money is meant to motivate them to provide information to the organization. The whistleblower protection program also demands that the sources can be given more money by other government agencies that use the informant’s intelligence to collect fines. The SEC sources are assured of job security and the Dodd-Frank Act forbid companies from firing informants.

The SEC allows whistleblowers who would like to offer information anonymously to hire lawyers to represent them. The public can learn about the SEC’s whistleblower representation program by visiting the commission’s whistleblower representation team. The informants should not give the personal information such as names and addresses when offering intelligence to the SEC. Foreigners who cannot communicate in English are given translators to assist them.