The announcement that Labaton Sucharow’s SEC Whistleblower attorney team has been part of the second largest award for an individual in the history of the program should come as no surprise to those with a knowledge of the financial industry. The Labaton Sucharow team has been built specifically with the assistance of individuals calling attention to financial wrongdoing taking place in the financial industry, with attorney Jordan A. Thomas leading the team after spending much of his recent history working to help write the Dodd-Frank Act; the Dodd-Frank Act established the SEC Whistleblower program and the Investor Protection Fund that pays financial awards to whistleblowers whose information assists a case being brought.
The latest award of $17 million has been given to an individual who assisted the Securities and Exchange Commission in finding evidence of financial wrongdoing by members of the financial industry. In an interview given by Jordan A. Thomas after the case was successfully brought to an end the attorney explained his belief that many more individuals would begin to come forward to reveal what they believe to be financial issues with companies across the board. Read more:
The team at Labaton Sucharow have been assembled to make sure every aspect of any whistleblowers activities are examined and investigated before the case is even brought to the attention of the SEC; the team hope to make sure each and every case they bring is of the highest quality to ensure the best chance of success. Not only will the team attempt to secure the best possible award for the individual whistleblower they represent, but they also work hard to make sure each individual has their anonymity protected throughout any case to avoid any retaliation taking place from an employer or other employees of a company.
The SEC also works to protect the identities of individual whistleblowers by not revealing details of which cases were brought because of whistleblower information, and paying awards based on fines levied from the Investor Protection Fund. Jordan A. Thomas understands the problems facing those who become whistleblowers in the financial industry after being involved in cases of retaliation against individual whistleblowers and other major issues that have made him sure of the need for anonymity for all who bring evidence.