The SEC Whistleblower Program at Labaton Sucharow was developed by some of those who were involved in creating the legislation that came out of the 2008 economic slowdown often blamed on Wall Street. Labaton Sucharow has been operating as a law firm for more than 50 years in the U.S. and was the first to develop a specialist team headed by an SEC Whistleblower attorney Jordan A. Thomas who has assembled a team of investigators, financial specialists, and legal experts to those bringing evidence of financial wrongdoing.
A major part of the work completed by the legal experts at Labaton Sucharow is to investigate the claims made of financial wrongdoing by those bringing evidence to the law firm as their first step in blowing the whistle; the team of specialists at the law firm is always available to assess the evidence brought by a whistleblower and make sure a case can be brought to the Securities and Exchange Commission before the individual puts their reputation on the line. The consultation process for potential whistleblowers begins with the individual allowing the specialist team of investigators to look into their claims and make sure specific SEC rules have been broken.
The SEC Whistleblower lawyer Jordan A. Thomas believes the financial rewards now offered for those looking to provide evidence of financial wrongdoing to the proper authorities will see a distinct change in the way cases are brought; the chance to be given a financial reward of between 10 and 30 percent of any fines brought against an individual or company has made blowing the whistle a far more attractive option for financial workers. Recently, a number of impressive rewards have been given to individuals who blew the whistle and prompted an upturn in the numbers of whistleblowers approaching Labaton Sucharow.
The team working at Labaton Sucharow are concerned with every aspect of the lives of the whistleblowers arriving at their door, including making sure the identity of each individual is protected along with their employment. In a bid to maintain the anonymity of all those bringing evidence to the SEC the U.S. Congress passed legislation allowing the Securities and Exchange Commission to keep secret those cases brought because of evidence from whistleblowers; a $400 million fund has also been established to pay rewards to whistleblowers to avoid these payments being linked to when a business pays their fines.