Recently the Securities and Exchange Commission or SEC, employed a gentleman by the name of Jordan A. Thomas. Jordan worked as the Assistant Director, but he also held another title in another division. In the SEC Division of Enforcement, Thomas was the Assistant Chief Litigation Counsel. During his time with the SEC, he wrote legislation that would eventually become the Dodd-Frank Wall Street Reform and Consumer Protection Act, passed in 2010. At this act’s passing, Thomas began to lead a team of legal professionals in the country’s first Whistleblower Protection Practice. That Practice is called Labaton Sucharow, and it provides exceptionally sure representation for whistleblowers.
The Dodd-Frank act can only do so much to help whistleblowers, however. Firstly, though it offers employment protections codified in law, it is kind of difficult to blow the whistle and continue working at a company as though you hadn’t done anything. Other coworkers know about it, and even if everything you did was above the board, and you were clearly in the right, there will be some who begin to instinctively distrust you. But if the whistle can be blown anonymously, then you will be able to retain the trust you already had with coworkers while still reaping the benefits of working with the SEC. Because for those who blow the whistle, incentives become available. Specifically, ten to thirty percent of recovered sanctions are given to the whistleblower. The best way to maximize the amount of incentives received is to use cogent legal representation like Labaton Sucharow. Such representation can also help you remain anonymous, which is something you’ll want to be at work when all is said and done.
The United States has seen some severe economic downturns. The Great Recession is the name being leveled at the most recent collapse. With the Dodd-Frank act, Congress has passed measures that are the most severe since the Great Depression, which is an indicator of just how penultimate 2008’s recession really was. The saddest part is that much of this recession could have been easily avoided had whistleblowers had the courage and protection to do the right thing. Now that the law has brought that protection into reality, they can. It’s a long road to recovery, but with solid legal experts meting out top-notch protection, it is much more likely that individual freedoms can be preserved and expensive acts which lead to recession neatly curtailed.
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