Whistleblowers to Report Possible Securities Violations to the Securities Exchange Commission

 

In 2010, the Dodd-Frank Wall Street Whistleblower Consumer Protection Act and Reform were enacted as one of the most far-reaching overhauls of the United States financial laws since the Great Depression in 2008. The program has many reforms that include the new whistleblower program which was established by the Dodd-Frank Act. It provides comprehensive financial incentives and significant employment protection to report violations of the securities laws to the Commission for Securities Exchange (SEC)

When responding to this historic regulation, the Labaton Sucharow law firm was the first of its kind to establish itself as an exclusive practice focused on advocating and protecting imminent SEC whistleblowers. While the company builds on its platform for securities litigations, their whistleblower practice representation leverages a high-end team of financial analysts, investigators, and forensic accountants with state and federal law enforcement know-how to provide state-of-the-art representation for possible whistleblowers. Jordan A. Thomas, the leader of the practice, is a former Assistant Chef Litigation Counsel and Director of the Enforcement Division at the Securities Exchange Commission. During his period of service at the Securities Exchange Commission, he played a leadership role in the Whistleblower Program Deployment. This included the final implementation rules and the draft of the proposed legislation.

Under the program’s new legislations, the Securities Exchange Commission should pay the eligible blowers an amount between 10 percent and 30 percent of the following sanctions as a result of the Securities Exchange Commission action of enforcement in which the amount in question exceeds $1 million. If they meet this threshold, the whistleblowers will also be eligible for an additional award based on the collected sanctions in monetary value by the law enforcement organizations and other regulatory companies. The Dodd-Frank’s Act prohibits any experienced retaliations by employing companies against the whistleblowers who report to the Securities Exchange Commission pursuant rule programs. Moreover, the whistleblowers are allowed to report possible susceptible violations in security exchanges if represented by a lawyer.

For more information about the Securities Exchange Commission Whistleblower Program, you can contact the representation team through electronic submission on the website, email, and telephone numbers. You can also request a case evaluation. All initial case assessments and consultations are free, protected, and confidential by the client-attorney privilege. During any first consultation processes, individuals should never provide identification documents or the names of the violators. There are translation services for international whistleblowers. Securities Exchange Commission works with the Dodd-Frank Act to provide the necessary coverage of this action.

 

The Process of Becoming a Topnotch Lawyer in Brazil

One of the most coveted professionals in Brazil is becoming an attorney. Here are some savvy tips and pointers to get you started on the right path to success as a lawyer in Brazil. The nation gained her independence from Portugal in 1822. Soon after that, the nation created its premier legal system. The process of training Brazilian lawyers quickly ensued and the first law school was set up in 1827 in Sao Paulo city and Olinda.

Their current system borrows heavily from numerous cultures. For instance, some aspects are borrowed from the Portuguese and their Civil Code originates from the Italian legal system. There are three vital prerequisites for one to become a practicing attorney in the South American nation. They are:-

1.   Pass the vestibular

2.   Get a law degree

3.   Take and pass the national bar examination

How does the education system in Brazil work?

First, the high schoolers take a national exam and upon attaining a particular grade. A law degree takes less than five years to complete in both private and public universities. Any institution must be fully accredited and authorized to offer the course by the relevant authorities for instance by the National Commission of the Attorneys of Brazil Federal Council and by the Ministry of Education.

It is mandatory for a prospective student to take up some subjects in high school before being accepted into law school. The compulsory subjects are clustered in three broad axes:-

1.     The Basic Education axis

2.    The Professional Education axis

3.    The Practical Education axis

Each axis contains important subjects which are of particular importance to the legal profession. Subjects like sociology, sciences, economics and up to 300 hours of mandatory vocational training as a lawyer.

Brazilian Bar Association

After graduating, it is now time to look for an internship position before facing the OAB. This acronym stands for Ordem dos Advogados do Brasil. The national bar exams are conducted three times a year, and it comprises 80 MCQ’s. The overall pass mark stands at 60%.

About Ricardo Tosto

Mr. Tosto’s story is a typical rags-to-riches story. The leading Brazilian lawyer started off in a small office space, but he is now one of the most respected and revered corporate litigation experts in the nation. He currently owns the largest law firm in Brazil. He’s worked with private and public corporations, multinationals and politicians.