Whistleblower Attorneys and the Specifics of the Whistleblower Program

A whistleblower is any individual or person who releases information pertaining any activity or operation that is termed as incorrect, illegal or unethical within a private or public organization. Whistleblowers can expose such details either internally or externally. Most whistleblowers may require the protection of the law in a bid to uphold their rights. This can be done by contracting professional Whistleblower attorneys such as those from Labaton Sucharow.

Labaton Sucharow

This was the very first law firm in the US to create a practice dedicated to advocating as well as protecting the rights of SEC whistleblowers. Led by Jordan A. Thomas, it boasts of a team of highly qualified professionals that includes forensic accountants, investigators, and financial analysts who possess state and federal law enforcement experience to provide proper whistleblower representation. Potential clients can easily get in touch with the firm’s Whistleblower Representation Team through its website, email or telephone for various consultations such as the SEC Whistleblower Program.

The Whistleblower Reward Program

The Dodd-Frank Wall Street Reform and Protection Act came up with the SEC Whistleblower Reward Program in July 2010 in a bid to protect whistleblowers from retaliation from the accused. The reward program is accompanied by various benefits, which include protection and monetary incentive.

Monetary Gains

The rules of the program entail that the Securities and Exchange Commission (SEC) qualified whistleblowers ought to get a reward of 10-30% for sanctions over $1 million due to the successful enforcement by the SEC. When a given whistleblower meets this requirement, he or she qualifies for more rewards, which are dependent on monetary sanctions from related actions that are brought forward by other law enforcement and regulatory organizations.

Protection Role

Since many accused people are usually in positions of influence or authority, they do not take accusations of their employees or people closest to them lightly. Consequently, most of them may result in retaliation actions to punish the whistleblower in question for betrayal. The Dodd-Frank Act comes into play in this case by protecting a whistleblower from any act that may show a sign of vengeance, especially from an employer. Hence, a whistleblower may not be harassed, threatened, demoted, suspended or discharged from his or her official duties by an accused employer.

Anonymous Reporting

In cases where a person may want to hint vital information to the Securities and Exchange Commission without being identified publicly, he or she can do these anonymously through the representation of a lawyer. Lawyers from Labaton Sucharow may come in handy.

Learn more: http://www.secwhistlebloweradvocate.com/

Comments are Disabled