Labaton Sucharow’s SEC whistleblower attorney program has achieved another success in the form of a $17 million award for an SEC whistleblower who gave information leading to multi-million dollar fines. The team at Labaton Sucharow headed by Jordan A. Thomas worked with the SEC to make sure all the relevant information needed for the successful completion of the case brought by the whistleblower was available, and the whistleblower was provided with their richly deserved rewards and protections. The awarding of $17 million for an SEC whistleblower is the second largest in the six year history of the program established as part of the Dodd-Frank Act passed by the U.S. Congress.
This is far from the first major success Jordan A. Thomas and the team at Labaton Sucharow have achieved in terms of the SEC whistleblower program, which is the first dedicated whistleblower program created in the U.S. Under the rules of the program an SEC Whistleblower has the right to receive an award of between 10 and 30 percent of any fines collected by the SEC based on information provided by the whistleblower; in order to protect the individual whistleblower the SEC does not reveal specific information about fines levied in a bid to protect the identity of the individual providing information to the Securities and Exchanges Commission.
Labaton Sucharow has been providing the most up to date and high quality legal advice for its clients for over 50 years and established its SEC whistleblower program soon after the Dodd-Frank Act was passed into law. In employing Jordan A. Thomas, Labaton Sucharow have brought one of the authors of the Dodd-Frank Act into their law firm in a bid to become the industry leader in establishing its SEC whistleblower program.
In creating the team for Labaton Sucharow, Jordan A. Thomas helps to ensure each individual whistleblower maintains their anonymity during any SEC investigation and has their employment protected; in the past, SEC whistleblowers have found themselves blacklisted by members of the financial industry. The experts at Labaton Sucharow not only make sure whistleblowers get their full financial award following the successful completion of an investigation, but they aklso make sure funds are paid in a timely fashion from the $400 million Investor Protection Fund established by the U.S. Congress.