Labaton Sucharow is a well-known law firm that offers legal representation service to individuals who volunteer to inform the SEC on activities of organizations that do not follow the federal securities laws. The company has been providing the service for about six years, and it has managed to develop a competent structure that it uses in filling its litigations. One of the client’s that is represented by Labaton Sucharow was recently awarded $17 million dollars due to the usefulness of information that he offered to the SEC to help it in finding illegal actions of businesses in the financial sector. This monetary incentive was one of the two highest that have ever been paid by the commission to the whistleblowers. The regulations that are offered by the whistleblower protection program dictate that the SEC should award the informant at least 10 to 30 percent of the money that it acquires from sanctions.
One of the principal companies in the financial sector has been participating in activities that are against the law and the intelligence that the whistleblower provided was crucial in enabling the SEC to unearth them. The SEC is concerned about protecting the identity of individuals, and therefore, it only gave limited facts about the scandal to avoid accidental disclosure of the whistleblower’s identity. The whistleblower also maintained his anonymity by hiring the services of an attorney to represent him. The administrator of the Labaton Sucharow’s whistleblower representation services is Jordan A. Thomas. He has sufficient knowledge in the securities-related legislations since he was an assistant principal litigation counsel of the SEC and also participated in the enactment of the whistleblower protection program.
Citizen and foreigners are encouraged to offer useful intelligence to the SEC at their convenience, since consulting the Commission is free. The commission provides translators to assist individuals who cannot speak English. The SEC also encourage whistleblower by ensuring that they get an incentive as stated in the whistleblower protection program. The Congress has formed the Investor Protection Fund that has $400 million that is to be used for rewarding the whistleblowers. This is to ensure that the whistleblowers receive their reward in time
Labaton Sucharow is an old company, and it has been active for about half a century. The customers who seek for its services include enterprises, businesspersons, and consumers. The firm has an outstanding reputation for the representation services that it offers to complainants. It has been recognized by various bodies, which include the Chambers and Partners, The Legal 500, and Benchmark Litigation.