Unethical business practices don’t merely affect the business who employs them. There is a ripple effect, or a snowballing escalation. Soon entire communities can bear collateral damage due to a single organization’s misuse of their capital. Consider Enron. Even better: consider the 2008 financial crisis. Both of these events could have been curtailed by the right whistleblower in the right place at the right time.
It’s astonishing what one person can accomplish if they put their mind to it and stick to their guns. A single whistleblower can help the SEC make over a million dollars in recovered monetary sanctions. As a “thank you”, new legislation allows incentives for whistleblowers.
In 2010, the Dodd-Frank Wall street Reform and Consumer Protection Act was enacted by congress. This act gives whistleblowers between ten and thirty percent of all recoveries that exceed one million dollars. Additional sanction recoveries predicate additional incentives. But the Dodd-Frank act takes it even a step further. Whistleblowers will be protected under this legislation such that the employer against whom they’ve blown the whistle cannot legally recriminate them based on their informing. This means jobs can be retained, incentives acquired, and unethical business curtailed; all with just the blowing of a metaphorical whistle against unjust activity.
The only downside to this act is that it cannot give the whistleblower anonymity. For that, legal representation is definitely a necessity. Thankfully, a gentleman by the name of Jordan A. Thomas leads a team of attorneys over at Labaton Sucharow. Labaton Sucharow is the country’s first Whistleblower Representation Practice. Jordan A. Thomas is the man who is most responsible for the Dodd-Frank legislation. Clients looking to receive the most employment protection and the greatest incentives will find both at Labaton Sucharow. While not all clients wish to remain anonymous, many do; and this is surely the best way of protecting reputation that’s available. http://www.secwhistlebloweradvocate.com/program/program-overview
One of the best ways to prevent underhanded activity in high-profile business situations is to have a means of doing the right thing in a way that is protected. If this protection is incentivized as well, and reputation can be maintained, then it is even more fundamental that whistleblowers take the time to do the right thing. Labaton Sucharow has the resources and the information to provide the highest representation and the strongest incentive recovery. It makes sense for those looking to maximize their whistleblowing to work with them.
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