The Securities Exchange Commission (SEC) is offering whistleblowers a chance to walk away with amazing rewards for their contribution in the fight against securities violations. In this pursuit, several law firms among them Labaton Sucharow have dedicated themselves to supporting the whistleblowers while presenting their cases. Labaton Sucharow is the first law firm to join in the fight against securities violations and their main role has been assisting whistleblowers so they can receive the highest possible payout. Learn more: http://www.secwhistlebloweradvocate.com/
Following the recent announcement by the SEC highlighting the second biggest payout from the body, Labaton Sucharow joined in the celebrations since it is their client that had walked away with the huge compensation for exposing wrong doings in the financial services industry. The SEC paid $17 million to the whistleblower and vowed to continue the fight to sanitize the business world.
As the SEC enters its sixth year since inception, they have achieved a lot in the fight to curb securities violations and the body has continually worked on their policies to ensure whistleblowers are catered for and protected from any external aggression.
The said client had offered high-quality information that motivated the SEC to impose sanctions on a major company in the U.S. financial markets. During this process, the whistleblower was kept anonymous in line with their provisions introduced in 2010 during the Dodd-Frank Consumer Protection Act amendment. Whistleblowers are guaranteed the right to privacy so they can be saved from any blacklisting or victimization that may emanate from the perpetrators of the violations.
These protections extend to employment and there is no room for an employer to threaten or sack an employee for exposing his/her wrong doings. Such provisions give whistleblowers the power they need to present cases and deal with securities violations and as a result, more people have matched to the SEC with evidence about violations in different industries.
About Labaton Sucharow and the SEC Whistleblower Program
Labaton Sucharow, which has been active for over 50 years, has worked with businesses and institutional investors representing them in complex litigation. Labaton was the first law firm in the U.S. to establish an exclusive unit focused on supporting whistleblowers looking to present their cases through the SEC Whistleblower Program.
Introduced in 2010, the SEC Whistleblower Program has sought to offer better reporting capabilities among whistleblowers through the revision of their laws. The company has established a rewards program that offers whistleblowers between 10 and 30 percent of sanctions collected and has rules that protect whistleblowers from any aggression.