Whistleblowers from all walks of life are now breaking their silence and reporting a wide variety of significant securities violations to the SEC.
In 2010, the President signed into law the Dodd-Frank Wall Street Reform and Consumer Protection Act, the most sweeping overhaul of U.S. financial regulation since the Great Depression. Among its many important reforms, the Dodd-Frank Act established a new whistleblower program that provides significant protections and incentives for individuals to report possible violations of the federal securities laws to the Securities and Exchange Commission (SEC). Specifically, the Act requires the SEC to pay monetary awards, of 10-30% of all monetary sanctions collected by the SEC and other regulatory and law enforcement authorities, to eligible whistleblowers that voluntarily provide original information that leads to a successful SEC enforcement action in which the monetary sanctions exceed $1 million. The Act also prohibits retaliation by employers against whistleblowers who report possible securities violations. Importantly, whistleblowers may file their reports anonymously if represented by an attorney.
In response to this historic investor protection legislation, Labaton Sucharow was the first law firm in the country to establish a practice exclusively focused on protecting and advocating for whistleblowers who report possible securities violations to the SEC. Building on the Firm’s market-leading securities litigation platform, our Whistleblower Representation Practice leverages a world-class in-house team of investigators, financial analysts, and forensic accountants with federal and state law enforcement experience to provide unparalleled representation for whistleblowers. The practice is led by Jordan A. Thomas, a former Assistant Director and Assistant Chief Litigation Counsel in the Division of Enforcement at the SEC. During his tenure, Jordan played a leadership role in the development of the SEC Whistleblower Program, including drafting the proposed legislation and final implementing rules.
To learn more about the SEC Whistleblower Program or to request a case evaluation, potential whistleblowers may contact our Whistleblower Representation Team in any number of ways – by telephone, email, or electronic submission through this website. All initial legal consultations and case evaluations are free and confidential. Potential whistleblowers may also request anonymity. For international whistleblowers, language translation services are available upon request.