Back in the year 2010, the Congress decreed Don Frank act, which involved a program of whistleblowers. These individuals provide information to Security and Exchange Commission (SEC) concerning individuals or firms that are violating the federal securities laws. The act gave the right of financial incentives as well as employment protections to the whistleblowers.
Labaton Sucharow was established to purposely protect and advocate for the SEC whistleblowers. The attorneys who represent them are a team of investigators who have sufficient experience in federal and law enforcement. Additionally, there are forensic accountants and financial analysts. With all these qualifications, the advocates offer absolutely unparalleled representation.
Purpose of involving an Attorney
SEC is a government agency tasked with enforcing securities laws, supervising the country’s stocks and regulating the securities firms. It offers rewards in terms of money to the whistleblowers. These rewards are ten to thirty percent of the cash sanctioned by the SEC. An advocate helps the individual to recover the required amount as a reward from the agency. He or she compiles information regarded as original concerning the violations claims. Such claims should lead to a recovery of one million dollars or more.
Whistleblowing can lead to harassment, threats, intimidation or even discrimination. This happens when the exposed company or individual feels offended. An advocate is involved at this level to represent the whistleblower in the federal court during such situations. SEC protection laws also forbid any boss from retaliating against the whistleblower after providing a complaint of violation of any law, regulation or rule on the line of SEC regulations.
Legal counsel is a vital part of the SEC cases. This is because when one is dealing with type of violation cases, confidentiality should be highly observed. An SEC attorney offers relevant requirements and precautions one should take. The lawyer also takes his or her client through legal counsel to be eligible for confidentiality. This is stated under the Security and Exchange Commission’s rules.
SEC whistleblower cases are complex, and it is important to involve a suitable advocate who will be able to handle the case thoroughly. He or she should be an individual who makes your case to be given priority by the agency. To win these cases also, one is required to do concrete investigations and vigilant legal analysis. This helps the legal team representing you to have ample time when it comes to handling your case. The SEC Whistleblower lawyer is supposed to earn the whistleblower cooperation with the agency.