The Dodd-Frank Wall Street Reform and Consumer Protection Act went into effect in 2010 providing protection for people who report financial violations. It was in part written to protect and compensate whistleblowers who report information to the Security Exchange Commission, or SEC. Dodd-Frank is a financial reform that was enacted as a way to improve accountability within financial institutions. It protects taxpayers by stopping bailouts and shady financial practices. The American economy depends on stability and the Dodd-Frank Street Reform and Consumer Protection Act helps to reduce the chance of a financial crisis from occurring. For this to work, they need people to come forward with information on any improprieties that are happening within the institutions. http://www.prnewswire.com/news-releases/second-largest-sec-whistleblower-award-granted-to-labaton-sucharow-client-300282555.html
Blowing the Whistle
A whistleblower is someone who reveals information about an unethical or illegal act that is being perpetrated by an organization. The success of the Dodd-Frank Act is dependent on people coming forward and disclosing what they may have heard, seen, or witnessed. They are often the only ones who can really make a difference in preventing an economic downfall. In the past, employees who spoke up were afraid of losing their jobs, but with the new act, they are protected from retaliation.
Whistleblowers are legally protected under the law and should feel confident that they have legal representation available to them if needed. The law firm of Labaton Sucharow has dedicated their practice to protecting the rights of whistleblowers. They were the first law firm in the United States that focused on protecting whistleblowers rights. Their team of experts includes financial analysts, forensic accountants, and investigators. Jordan A. Thomas is a SEC Whistleblower attorney who brings his expertise to the firm.
Eligibility for Whistleblowers
Whistleblowers are eligible for monetary compensation and protection under the Dodd-Frank Act. One reason people hesitate to come forward with information is the fear of retaliation. Hiring a SEC whistleblower lawyer gives people the choice to remain anonymous when reporting a security violation. The SEC Whistleblower Program has proven to be successful in several instances with Labaton Sucharow law firm acting as representation for the whistleblower. It takes a strong person to stand up and speak out for the injustices in the world and they need to be protected. The Dodd-Frank Act has changed the rules for financial institutions, and Labaton Sucharow LLP is the powerhouse law firm that is ready to protect the good people who are brave enough to speak out.