Dodd-Frank Makes Golden Whistles out of Blowers

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Since the legislation passed in 2010, the Dodd-Frank Wall Street bill to reform their trading and selling tactics in order to protect consumers, there have been many protocols created by a special and savvy group where the Securities and Exchange Commission (SEC) Whistleblower lawyer gravitates. This new home is a place where legalese is prepared to support those who will make a big payday for both legal professional and client. The client is the whistleblower who could easily be a plant in these Wall Street enterprises. The Securities and Exchange Commission has created a program to give large financial rewards and incentives to those who become moles and make payday happen by discovering wrong doings on the part of their employers.

Labaton Sucharow is the premier law firm that has taken on the opportunities presented for the new financial boondoggle of SEC Whistleblower attorney. Their lawyers become experts on the legal ins and outs of the securities litigation platform along with all the particulars of Dodd-Frank. The main thrust of their legal strategies are based in the securities litigation platform and the Whistleblowers Representation Practice. The Labaton Sucharow team is comprised of world class experts in financial analysis and forensic accounting practices who work with law enforcement on both the state and local level. At the head of these legal professionals who specialize in whistleblower attacks and techniques, is Jordan A. Thomas, who once was once Assistant Director and Chief Assistant Litigation Counsel for the SEC’s law enforcement division.

Training them to know what to look for, how to report the findings, and how to earn the payday using these newly crafted SEC rules. The incentives are great as the SEC rules will pay out 10 to 30 percent of the awards sanctioned by an SEC infringement penalty should these be more than one million dollars. There have been awards as high as $17 million which would make a very nice retirement of $1.7 to $5.1 million dollars. Employers who are sanctioned are prohibited to retaliate against whistleblowers, although it is hard to imagine going back to work after a payday as good as some of these. Still, should a whistleblower wish to continue their career at the same employer they blew the golden whistle on, they may without fear of consequences.

Categories: Lawyers