The whistleblower protection laws were passed after the approval of the Wall Street Reforms of Dodd-Frank and the Consumer Security Act by the United States Congress in 2010. The regulations that were created under the Dodd-Frank Act are devoted to ensuring the protection of the SEC informants by guaranteeing them job security and giving them a financial incentive. Anyone who offers information to the Securities and Exchange Commission on the fraudulent transactions of any organization qualifies to be protected by the laws.
Many firms that solely practice whistleblower representation law have currently emerged. They are committed to safeguarding the rights of the SEC informants and providing them with legal representation. A leading company in the sector if the Lebaton Suchara law firm. It was one of the frontrunners of the industry, and it has currently structured itself to offer outstanding representation to the SEC whistleblower. The company is served by well-trained attorneys and other professionals who include financial analysts, in-house investors, and forensic auditors. The experts have sufficient knowledge and experience on the enactment of the federal and state securities laws, and this enables them to provide unparalleled representation services to the clients.
The whistleblower representation team of Lebaton Sucharow is headed by Jordan A. Thomas. Mr. Thomas is an experienced attorney and he once held senior offices at the Securities and Exchanges Commission. He was its deputy director and the assistant chief litigations counsel of the enforcement department. Jordan is celebrated in the industry for his significant input in the drafting and execution of the SEC’s laws that protect the whistleblowers.
According to the whistleblower protection program, the informant of the commission is given approximately 10-30 percent of the money that the offenders pay. The ceiling of this amount is one million dollars. However, the informant can also be offered more money by other government law enforcement agencies that collect penalties as a result of the information that is provided by the whistleblower. The law also defends the informant from being sacked or harassed by the employers.
The SEC whistleblowers can also report cases without disclosing their identity, and this is by using attorneys to represent them. The attorney-client privilege is used by the SEC to safeguard the information that the whistleblowers provide. Consulting the SEC is free to both U.S citizens and foreigners. Any interested person can learn more about the whistleblower representation laws by contacting the whistleblower representation team via telephones or emails.