As the SEC Whistleblower Program enters its sixth year, Labaton Sucharow celebrates success that has come with them working to help individuals get the right rewards whenever they expose securities violations. One of the recently reported cases highlights a payout where a whistleblower earned more than $17 million for giving facts that led to the arrest of individuals perpetrating violations in the financial services industry.
This is said to be the second best paid whistleblower by the SEC since the body was incepted and there are more efforts to have similar cases pursued and brought into the limelight. To Labaton Sucharow, it is a major achievement since this is their client and it shows how their competent team worked to ensure the whistleblower is compensated as required. The law firm has also achieved similar success in the past and they are confident those who choose their services in the future will get a reason to celebrate.
Both the SEC and Labaton Sucharow view this as a unique case since the people mentioned are influential and important in the financial markets. There is a probability many other individuals knew about the violations but could not report because of the persons involved in the heist.
Therefore, it proves that confidence and courage is pushing many whistleblowers to present their cases to the SEC and the future of the SEC could see more people come out to expose hidden secrets, cites Jordan Thomas, a Labaton Sucharow SEC Whistleblower attorney and the chair of the Whistleblower Representation Practice.
About the SEC Whistleblower Program
The SEC Whistleblower Program was launched in 2010 and has been pursuing cases of securities violations using information presented by whistleblowers. The body came in with new regulations that have changed the way whistleblowers report cases and has heightened security and protections that whistleblowers enjoy. Some of the rights issued to whistleblowers include anonymity when reporting and employment protection. The SEC also allows international reporting, so you can report violations from any part of the world. Learn more: http://www.secwhistlebloweradvocate.com/program/program-overview
About Labaton Sucharow
Labaton Sucharow, incepted more than 50 years ago, is a U.S. law firm that deals with cases involving companies, organizations and individuals, especially business litigation. They have also established a practice that assists whistleblowers looking to present facts to the SEC and their main role in this case has been advising and guiding the whistleblowers to ensure they receive the highest possible compensation.