Labatan Sucharow created a practice that focuses on advocating along with protecting SEC whistleblowers. It was the first firm to establish such a practice in response to the ground breaking legislation. Sucharow’s securities litigation platform is what the Whistleblower Representation Practice is build on. It leverages an in-house team of first-class forensic accountants, financial analysts, as well as investigators with state and federal law enforcement experience. The objective of that is to offer unprecedented representation for whistleblowers.
The Whistleblower Representation Practice is led by Jordan A. Thomas. Previously, he served the SEC’s Division of Enforcement as the assistant chief litigation counsel as well as its assistant director. He contributed to the creation of the whistleblower program by playing a leadership role in the drafting of the proposed legislation and the implementation of the rules.
The SEC is required under the program’s rules to pay 10-30% of the monetary sanctions, which are collected from a successful SEC enforcement. That is paid to eligible whistleblowers. Additionally, the rule applies to sanctions of over $1 million. When the threshold is met, whistleblowers can also qualify for more awards. That is based on the monetary sanctions, which are gathered from correlated actions by other law enforcement organizations.
Moreover, the Dodd-Frank Act makes illegal retaliation by employers against the individuals that inform the SEC as the rules dictate. Significantly, if represented by an SEC Whistleblower attorney, whistleblowers can report probable securities violations. To get more details about the SEC Whistleblower Program as well as to request a case evaluation is easy. The Whistleblower Representation can be contacted via several ways including email, telephone, or electronic submissions. The electronic submissions can be made through the SEC Whistleblower Advocate website.
Initial case evaluations as well as consultations are free and confidential. They are also protected. That is by the SEC Whistleblower lawyer client privilege. Importantly, it is not mandatory for individuals to offer personal identifying information particularly during the first consultation. Additionally, although it is highly encouraged, names of the likely securities violators are not required in the primary consultation. Upon request, translation services are provided for international whistleblowers.