In the year of 2010, the United States congress passed the Dodd-Frank Wall Street Reform and Consumer Protection Act. This new law was one of the most significant form of legislation in the finance industry since the Great Depression. As part of the new law, a program known as the whistleblower program was enacted to help expose unethical conduct in the finance industry. This new program will now allow individuals and companies to report wrongdoing through litigation. These individuals will be able to use the services of a SEC whistleblower lawyer to represent them in cases in which they will look to not only report misconduct but also compensation from unethical activity.
Once the Dodd-Frank Act was passed, the law firm known as Labaton Sucharow became the first entity to help SEC whistleblowers. When seeking the assistance of a SEC whistleblower attorney, clients will have the opportunity to seek litigation against securities law violators and gain incentives. Along with legal representation, clients will also get help from a number of other professionals such as financial analysts, forensic accountants and investigators. By taking advantage of all of these forms of assistance, anyone negatively affected by misconduct in the finance industry will have the resources they need in order to make their case and inform the SEC. Anyone represented by Jordan Thomas or any other attorney will be able to get compensation between 10-30% of any amount collected from a successful lawsuit.
Those who are seeking the services of Labaton Sucharow will want to know about the process and how it can benefit them. First, an individual will need to either know about or be victimized by unethical conduct in the finance industry. They will then need to contact the firm and speak to one of the attorneys. With enough information, an attorney will file a lawsuit against the company or individual who committed misconduct. They will also inform the Securities and Exchange Commission. After the misconduct is reported and the case is filed, a trial will take place. The whistleblower attorney and client will make their case against the person or company that benefited by violating securities laws. If the whistleblower client wins the case, then they will receive compensation for their efforts.
Any settlements that result in $1 million or more, the client will be awarded up to one third of the amount. That means that an individual or company can make up to $300,000 for every $1 million in damages awarded. Since reporting securities law violations is a very serious matter, clients who decide to report misconduct will be able to protect their identity and stay anonymous.