The commission recently gave a whistleblower who was represented by the Labaton Sucharow law company $17 million due to the useful information that he provided. The intelligence assisted the SEC in unearthing some of the illegal undertakings that were being committed in the financial sector. According to the SEC, the identity of the whistleblower should always be kept secret since exposing it would make employers to blacklist the individual. The informant was keen in hiding his identity since he used the representation of an attorney to report the case to the commission.
The SEC whistleblower representation service of the Labaton Sucharow is managed by an exceptional professional. Jordan A Thomas who is its head is knowledgeable on securities laws. He was employed by the SEC to serve as an assistant director, and he was also part of the organization’s litigation council. During his tenure, Thomas was selected to be part of the panel that formed and implemented the whistleblower protection program.
The Securities and Exchange Commission gained from the intelligence that was offered by the informant since it unearthed various fraudulent undertakings that were being committed by a leading firm in the financial industry. The identity of the whistleblower remained anonymous since he was represented by an attorney (Labaton Sucharow) at the SEC. The Commission has always been keen in hiding the identity of the whistleblower
The SEC currently has an Investor Protection Fund that has an excess deposit of about $400 million that are set aside to ensure that the informants get their compensation in time. The Labaton Sucharow law firm was established about five decades ago. It has a competent whistleblower representation practice that has made it be recognized as one of the top companies that offer plaintiff representation. Organizations that have acknowledged the company for its outs include The Legal 500, the Benchmark Litigation, and Chambers and Partners.