The business of SEC Whistleblower Attorneys
Congress enacted the Dodd-Frank Wall Street Consumer and Reform Protection Act in 2010, it was the most sweeping overhaul in the U.S. financial regulation since the great depression. Among the important reforms, the Dodd-Frank act helped to establish the new whistleblower program that helped in providing significant financial incentives and employment protections to individuals who had reported possible violations in the federal securities and exchange commission, also known as the SEC. As a response to the historic legislation, the first law firm that established the practice of exclusively focusing in advocating and protecting the SEC whistleblowers. While building the firms market-leading securities litigation platform, the whistleblower representation practice is leveraged on a in-house world-class team, that is made up of financial analysts, investigators and forensic accountants for state and federal law enforcement experience experience in order to prove an unparalleled representation for the whistleblowers. The practice was led by Jordan A. Thomas, who is a former Assistant Chief Litigation Counsel and Assistant Director for the Division of Enforcement of the SEC.
While with SEC, Jordan played a role of leadership in developing the Whistleblower Program, this process included drafting the proposed legislation’s and then finally implementing the rules following the legislation’s. The rules of the program are that SEC is required to pay the eligible whistleblowers 10-30% of monetary sanctions that are collected as the result of successful SEC enforcement action or the actions which there is a sanction that exceeds one million dollars. If the threshold has been met, the whistleblowers may also be eligible for additional awards that are based on the monetary sanctions that are collected in related actions that have been brought by other law enforcement and regulatory organizations. It is important that whistleblowers may also anonymously report any possible security violations and can be represented by an attorney. In order to learn more about the SEC Whistleblower Program, or in order to request a case evaluation, there is a number of ways to contact the Whistleblower Representation Team, these include by email, telephone, or an electronic submission through the whistleblower advocate website. Case evaluations and initial consultations are free, and are protected and confidential by the attorney-client privilege. While going through the initial consultation, though it is strongly encouraged, it is not required that individuals provide personal identifying information or names of possible securities violators. And translation services are available to international whistleblowers upon request.
Comments are closed.