Presenting a case before the SEC with facts about the wrong doings that exist in specific industries may take a lot of time and energy if one is not informed about the way the laws that surround the program work. The SEC Whistleblower Program offers a unique platform on which those with facts about violations of securities laws can share information to help the government pursue the perpetrators. The program was founded in 2010 after an amendment to the Dodd-Frank Consumer Protection Act was passed.
It came in with additional legislation that makes it easy for whistleblowers to process their findings. The SEC Whistleblower Program also offers protection that assures whistleblowers security in employment and from physical assault.
Before the program was put in place, whistleblowers would be victimized for sharing facts about wrongs perpetrated by a section of the citizens. This concern scared many from sharing the information they had about the violations that occur in different industries. However, since the program was launched, it became easier and safer to unearth the wrong doings people perpetrate in different sectors.
Most importantly, the SEC Whistleblower Program offers rewards to whistleblowers whose cases return success. Many whistleblowers whose cases were approved earned 10 – 30 percent from the amount that was raised as sanction. The amount paid as a reward also varies due to factors like timing and the quality of information shared by the whistleblower.
This necessitates the presence of a SEC Whistleblower lawyer, who comes in to help the whistleblower to understand the requirements the SEC offers against the handling of the cases. Among law firms that have matched forward to support whistleblowers, Labaton SUcharow remains the most preferred and the best in the industry because of the model they use while solving the problems that are presented by whistleblowers.
The firm pioneered the creation of a service to help whistleblowers in 2010 and has continued to work to ensure those with vital details that can be shared with the SEC are supported to understand the procedures that defined the system. Labaton Sucharow assigns a SEC Whistleblower attorney to each whistleblower to make the verification of facts an easy and fast process that leads to high payout.