The Dodd Frank Reform of Wall Street came about in 2010. The Consumer Protection Act was passed in the same year. These two acts had a more profound effect than anything in the history of the United States since the Great Depression. They signified a complete overhaul of the regulations of the United States.
A new program called whistleblower was an important factor in the Dodd Frank Act. This program provided protection for employees and incentives of a financial nature. These benefits were for people who were willing to report violations of the laws for federal securities to the Securities and Exchange Commission.
The law firm of Labaton Sucharow responded by being the first anywhere in the country to begin a practice specifically for the protection of the SEC Whistleblowers. The SEC Whistleblower lawyer believed these individuals deserved to be protected.
By building onto a platform based on securities litigation, the practice housed a team of investigators, analysts for finances, and accountants in the field of forensics. This team had experience in law enforcement both of a federal and state nature. Jordan Thomas lead this practice. He was previously the Assistant Director for the Division of Enforcement at the Securities and Exchange Commission. While he was there, his role in Whistleblower involved the drafting of the legislation and the final implementation of the rules.
These rules state that the Securities and Exchange Commission must pay qualified whistleblowers ten to thirty per cent of the monies collected due to successful action, provided the proceeds are more than one million dollars. If these conditions are met, the whistleblower may also receive added rewards for monies brought in by law enforcement agencies. SEC Whistleblower attorney is aware of these facts and proceeds accordingly.
Retaliation is prohibited by the Dodd Frank Act for whistleblowers who make reports according to the rules of the program. In the case of a whistleblower actually representing an attorney, security violations may be reported on an anonymous basis. For more information on the program for whistleblowers, contact can be made via telephone, or thought a web site. The initial consults as well as evaluations per case are done at no charge. The attorney, client privilege does apply in these cases as well.