The Facts of the Whistleblower Program

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The SEC has long had a problem getting people to inform on corruption because whistleblowers have always run the risk of being sued or having retaliation in some way. In addition, there has never been much of any financial incentive for them to do so. That has changed. In 2010, Congress performed the biggest overhaul of the U.S. financial system since the Great Depression. This historic overhaul was known as the Dodd-Frank Wall Street Reform and Consumer Protection Act resulted in several very significant reforms.

 

One of these was the Dodd-Frank Acts which sought to give incentives to prospective whistleblowers to the SEC by offering full protection and significant monetary reward. After this legislation, Labaton Sucharow became the first law firm to realign itself to focus exclusively on whistleblowers. Their Whistleblower Representation Practice is staffed with some of best investigators, financial accountants, and forensic accountants in the world. This world-class is headed by Jordan Thomas, former Assistant Director and Assistant Chief Litigation Counsel in the Division of Enforcement at SEC.

 

Thomas is an ideal leader because he helped develop the Whistleblower Program from the ground up. The Whistleblower Program works by offering whistleblowers full protection from retribution and eligible whistleblowers get 10 to 30% of the monetary sanctions that result if it results in the acquisition of at least $1 million in sanctions. They may even be awarded more depending on the sanctions that are acquired. Although, as mentioned, all whistleblowers are guaranteed full protection against retaliation, the program does give whistleblowers the option to remain anonymous.

 

You can contact the SEC Whistleblower Program by telephone, email, or through their online website. The first in-person consultation meeting is free. The firm has translators available for clients who need it. Over its 50 years of legal experience, Labaton Sucharow has successfully helped clients recover billions of dollars. They have only grown in their vast knowledge and legal capability. And now it is fully committed to protect and reward those who report on corruption in the marketplace. Girded with this incredible ability and passion, they are sure to make a great difference.