One of the reasons poor people exist is because rich people do stupid things with their largess. They buy and they sell, and sometimes greed compels them to make investments which don’t work well. Such men are sure to protect themselves, defraying the fallout of their poor choices elsewhere. The result is economic crisis and depression. It’s well-known that the Great Depression had a lot to do with high-profile banking institutions making bad decisions behind closed doors. The Great Recession of 2008 is also of the same variety: men in power trying to game the system for more money, and bring economic collapse on themselves and those around them. http://www.secwhistlebloweradvocate.com/program/program-overview
Sometimes such efforts are curtailed by a whistleblower, but blowing the whistle can have catastrophic consequences to a person’s life and social situation, not to mention their reputation and job. This is one reason among many that the United States Congress enacted a provision in 2010 called the Dodd-Frank Wall Street Reform and Consumer Protection Act. It is touted as being the most comprehensive reform since measures taken in the wake of the Great Depression, and its aim is to simultaneously protect whistleblowers while curtailing underhanded financial dealings. It protects the whistleblowers by making provisions to secure the tenacity of their employment against recriminations based on their collusion with the government. It also helps the whistleblower by providing incentives in the amount of between ten and thirty percent of recovered monetary sanctions which are in excess of a million dollars. Additional incentive recovery is also available based on what kind of information the whistleblower is able to bring to the table. The only thing this act cannot protect against is reputation declination, and that’s where Labaton Sucharow comes in.
Jordan A. Thomas runs a legal team of professionals in the country’s first ever Whistleblower Representation Practice, Labaton Sucharow. Whistleblowers can bring their case to Sucharow with no cost for an initial consultation. That case can then be fought by SEC Whistleblowee lawyers in place of their client, such that the client remains anonymous. Thomas is the man who pioneered Dodd-Frank, writing the majority of it while he was working in capacity as both Assistant Director and Assistant Chief Litigation Counsel of the Enforcement Division in the SEC.
Between Labaton Sucharow and Dodd-Frank, whistleblowers have a better chance than ever before of helping curtail issues like poverty by enforcing oversight on underhanded business dealings.