The SEC, or Securities and Exchange Commission, had a gentleman by the name of Jordan A. Thomas acting as Assistant Director some years ago. He also functioned in capacity as the Assistant Chief Litigation Counsel. He performed his duties as Assistant Chief for the Division of Enforcement within the SEC. During his time occupying such duties, Thomas wrote legislation which would eventually become an act passed by congress in 2010. Called the Dodd-Frank Wall Street Reform and Consumer Protection Act, this legislation protects whistleblowers from employer recriminations after the fact. It also ensures they receive a fair incentive for their efforts in the form of between ten and thirty percent of recovered monetary sanctions. Additional recovery of sanctions leads to additional incentives.
There is, however, one downside. If a whistleblower wishes to go it alone, as the saying goes, and attempt to blow the whistle without any kind of legal representation, their reputation could take a hit. Even though jobs and incentives can be maintained, there’s no way to legislate the attitude of coworkers toward a person perceived as an informant. The best way to preserve one’s reputation is to seek legal counsel. This way the SEC Whistleblower lawyers can fight the battle in court, and the person responsible for initiating it doesn’t have to take center stage.
Their specific aim is to get you the greatest possible employment protection coupled with the highest possible return on incentives. If you do well on incentives, they do well on incentives; this guarantees you’ll get the most possible in such an arrangement. Additionally, this legal practice is led by Jordan A. Thomas, the man who pioneered Dodd-Frank in the first place. After his work at the SEC was successful in enacting the legislation, he immediately switched gears and began to help clients directly.
The measures enacted under Dodd-Frank are some of the most reconstructive and extensive since measures seen in the wake of the Great Depression. If whistleblowers can latch on to the new advantages that go hand-in-hand with those measures, it’s very likely that further negative economic choices made in an underhanded way by people running businesses and corporations may be substantively curtailed. Such changes take time, but with cogent legal representation following well-considered legislation, progression is possible.