The Formation of Laws that offer Protection to SEC Whistleblowers

The United States’ laws that control the finance sector were amended in 2010 by the Dodd-Frank Wall Street Reform and the Consumer Protection Act, which were passed by the Congress. These two legislations were the only fundamental laws that had brought changes to the sector since the Great Depression. The adjustment led to the formation of a program that offers protection to individuals who volunteer to inform the Securities and Exchange Commission on fraudulent businesses of their employers. The plan that is known as the SEC whistleblower protection program was drafted and implemented under the Dodd-Frank Act.

The passing of the two legislations and the formation of the whistleblower protection program influenced the creation of various law companies that have specialized in the provision of legal representation services for SEC informants. The Lebaton Sucharow law group was the pioneer in practicing whistleblower protection law, and therefore, it has sufficient experience. It has currently organized various structures that enable it to file litigations in the most competent way. The professionals that serve the company include financial analysts, investigators, and forensic examiners. They are guided by a whistleblower representation practice that was formed by the firm, and they have ample knowledge on how state and federal laws are executed hence, they can offer unparalleled representation to the company’s clients.

The management of the Lebaton Sucharow law firm is headed by Jordan A. Thomas. Jordan has ample knowledge and experience of federal securities laws since he served the SEC as its deputy director and the assistant chief litigation counsel of its enforcement branch. He was part of the team that formed the whistleblower protection program.

The whistleblower protection program sets rewards that should be given to the informants. The whistleblowers are assured of job security and protection from any form of harassment from the employers. They are also given a monetary reward, which is set to be 10-30 percent of the money that the commission collects as penalties from the law breakers who are apprehended due to the information that the whistleblower provides. The informants can also be rewarded by other law enforcement organizations that impose fines of the offenders due to the intelligence that they provided.

Any individual who would like to offer information to the SEC should feel free to visit its offices, and the commission does not charge any consultation fees. It is, however, important for the whistleblowers to avoid disclosing their identity by giving information such as names. The informants can use attorneys to represent them in case they want to stay completely anonymous.