Individuals who volunteer to be informants of the Securities and Exchange Commission are currently offered security and privileges by the organization. This is ensured by the whistleblower protection program that was formed in 2010 after the Congress passed the Consumer Protection Act and the Dodd-Frank’s Wall Street Reform. The approval of the two legislations brought a significant change in the finance sector. The Great Depression was the last law that had ever brought a transformation of such a magnitude. The Dodd-Frank Act mandated the SEC to establish the whistleblower protection program. The law demands that the SEC’s informants should be given a financial reward and assured of job security.
The United States currently has many law companies that have devoted themselves to offering legal services to the SEC whistleblower. Labaton Sucharow law firm has one of the best whistleblower representation practice, and it was the first to start offering legal solutions to the commission’s informants. The company was established 50 years ago, and it has gained popularity due to the excellent whistleblower representation that it offers. It has a unique system that it uses in filling litigations, and this ensures that the clients get outstanding services. The professionals that the firm has hired to support its whistleblower representation practice include private investigators, forensic specialists, and finance examiners. Labaton Sucharow’s head of the SEC informant representation is Jordan A. Thomas. He is an experienced SEC whistleblower attorney who has adequate experience in handling securities cases. Mr. Thomas was a senior employee of the SEC, and one of his significant accomplishments in the organization is the formation of the whistleblower protection program.
The rules of the security plan give the SEC’s witness approximately a third of the funds that are collected as penalties due to the information that was offered. They also demand that the whistleblower should be guaranteed of not being fired after assisting the commission to apprehend lawbreakers. Company employees who become informants are protected from employer harassment by the Dodd-Frank Act.
Whistleblowers are permitted by the commission to hide their identity by using a SEC whistleblower lawyer when offering intelligence. It is also recommended that they should avoid giving information such as names and addresses due to their safety. The commission uses attorney-clients privilege to protect the evidence that the witnesses provide. Foreigners who have difficulties in speaking English are usually given translators. The public can contact the representation group to learn more about the SEC whistleblower program.