The SEC Whistleblower program is an act that involves exposing any information seen as illegal in a company that is either private or public. The illegal activities include breaking enterprise rules as well as fraud and mismanagement of company assets and resources. The establishment of the whistleblower program was an act in the year two thousand and ten where the Congress executed the Dodd-Frank Wall Street Reform and Consumer Protection Act. It provides employment protections and monetary benefits which give an avenue where workers can report any cases of mismanagement of public funds to the Securities and Exchange Commission (SEC).
Labaton Sucharow was the first law firm that took mandate in protecting and defending SEC whistleblowers. It involves some specialists to deal with a single case including a team of individual investigators, investment analysts, stock takers and law enforcement agents. The agents tear down arguments bit by bit to find the cause taking into consideration the issues that led to rising of the case. They make sure that they defend the defendants by taking them through a witness protection stage. It involves clearing their identities and providing them with security to prevent them from any harm.
Jordan Thomas is the leader of the SEC program. He is a former Assistant Director, and Assistant Chief Litigation Counsel in Division of Enforcement at the SEC. Jordan made sure that the program ran under the orders of one senior administrator to ensure uniformity. It is through the correlation of activities that the project has grown to become a success and enabled proper organization of running its operations.
The rules of SEC state that the tipster should be awarded at least ten to thirty percent as a token of appreciation for the services rendered to help in making sure that more people come to report cases of misconduct. Their reward will come from remunerations that SEC accrues as a result of successful winning of cases where they are paid more than one million dollars. The program also cuts down the number of informants by prohibiting reports not presented according to the rules of the SEC. To get more information on the program, one can visit the official website of the SEC program. All case evaluations and consultations are free and confidential.