Whistleblowers are coming out in droves after the enactment of the Dodd-Frank Act — one of the most extensive and sweeping legislative tools to root out corruption in the banking industry.
The 2008 banking crisis exposed widespread corruption that nearly brought down an entire industry. Those who dared to speak out, did so at their own peril. There were no protections in place to help those who felt the need to report wrongdoings to the Securities Exchange Commission (SEC).
The office of Lubantan and Sucharow is a firm that offers whistleblower protection. In fact, it was one of the first firms in history to work primarily on whistleblower cases. Lubatan and Sucharow has a crack team of some of the most seasoned and professional attorneys in the state. Many of the team members formerly worked for the SEC to help prosecute corporations and individuals found guilty of securities violations.
Lead attorney Jordan C. Roberts, a former chief litigation counsel for the SEC, leads more than 100 attorneys, investigators, financial analysts and accountants. He is also responsible for drafting legislation and implementing rules and regulations.
A bonus of the Dodd-Frank Act is a financial incentive that compensates very well. Whistleblowers are entitled to receive anywhere from 10-30% payment on successful prosecutions that net at least $1 million in fines. Whistleblowers are also entitled to receive additional monies from other law enforcement entities under the same rules. Learn more: http://www.secwhistlebloweradvocate.com/program/program-overview
“The financial payout has emboldened several individuals to report wrongdoings,” said Roberts. To those who criticize Roberts stance on financial incentives, he responded that many of the individuals who come forth put their own livelihood on the line. And it is only right that they receive something in return.
The Dodd-Frank Act also specifically supplies protection for those who choose to report. This means that whistleblowers cannot be subjected to harassment or termination.
The Lubatan Sucharow firm website has a wealth of information. The “Whistleblowing In Corporate World” provides information and lays out the pros and cons. To find out more information, potential clients are encouraged to contact the Whistleblower Team by email or phone. Initial consultations are free and protected by attorney-client protection.