Then enactment of the significant legislation led to the establishment of many law firms that are focused on providing legal representation to the whistleblowers and ensuring that their rights are fully protected. The Labaton Sucharow law company is one of these organizations, and it was the first one to be created. It has an outstanding reputation due to its excellent platform of filling securities litigations. The company has a dependable group of investigators who are managed by a Whistleblower Representation Practice, scientific examiners who understand the execution of the law, and financial specialists. The whistleblower representation of the company is chaired by Jordan A. Thomas, who is a former executive at the SEC. He was the SEC Enforcement Units’ deputy chief litigation advisor and the assistant director. He considerably facilitated the drafting and enacting of the whistleblower protection program when he was in the SEC.
The monetary motivation that is offered to the informant is 10-30 percent of the penalties that are collected due to the information that they provide. The law has set the threshold of this amount at one million dollars, but an additional reward can be given to the whistleblower in case other law enforcement organization collect more sanctions. According to the Doff-Frank Act, the business that is reported to the SEC should not harass or revenge to the informant.
It is wise for the whistleblower not to disclose his or her identity by giving information anonymously to the SEC through the representation of a lawyer. The intelligence that is received by the SEC from the informant is protected by the attorney-client honor. The commission offers an interpreter in case the whistleblower is a foreigner and cannot speak English. People can get additional information on the whistleblower protection program by contacting the whistleblower representation team via calls, emails, and visiting them on their physical address.