How Legal Representation and the SEC Whistleblower Program protect Sources of the Organization

The Congress of the United States modified the laws of the financial industry in 2010 when they approved two major laws, which are the Consumer Protection Act and the Dodd-Frank Wall Street Reform. These were the next noteworthy legislative transformations in the sector since the Great Depression. The changes led to the formation of the whistleblower protection program by the Securities and Exchange Commission. The plan was primarily created to offer protection whistleblowers of the SEC by providing them with a significant financial reward and an assurance that they will have their jobs even after reporting their employers to the commission. Learn more:

Individuals who volunteer to be informants of the SEC are currently represented by various law companies that were formed after the enactment of the whistleblower protection program with the primary aim of serving the commission’s sources. A leading firm that has a whistleblower representation practice is the Labaton Sucharow. The firm was a pioneer in the sector, and it has grown over the years to offer an outstanding plaintiff representation for its clients. It has developed an unparalleled plan that is used in filling litigations, and it is supported by financial analysts, a highly skilled team of internal investigators, and forensic scientist. The employees of the company are informed on the implementation of the federal and state securities laws.

Jordan A. Thomas manages the Labaton Sucharow’s whistleblower representation plan. He has assisted in making the company successful due to his adequate knowledge on securities. Jordan is renowned in the sector for participating in the drafting and enacting of the whistleblower protection program.

The financial reward that should be offered to the SEC whistleblower should be approximately 10 to 30 percent of the total penalties that the Commission collects. The organization has set the ceiling of the incentive at one million dollars, but the informant can be offered additional money if other government agencies use the intelligence that he or she provided to collect fines. According to the Dodd-Frank Act, companies should not attempt to harass whistleblowers for offering information to the SEC. The Securities and Exchange Commission advises it sources to hide their identity and this can be done by not providing personal information when reporting cases as well as using the representation of an attorney.

The Life of Entrepreneur Dick DeVos

Dick DeVos is an innovative, reputable community and business entrepreneur. He was born on October 21, 1955, as Richard Marvin DeVos, Jr. He is the son of Richard DeVos, Sr, who is the co-founder of Amway. Dick has covered his business career serving in various executive positions at The Windquest Group, where he is currently the President, the NBA’s Orlando Magic and Amway.

Dick DeVos was the President of Amway from 1993 to 2002, where he was responsible for all the aspects of the operations of Amway in 50 countries around six continents. In the final fiscal year of service at Amway, the company reported $4.5 billion sales. Before assuming the Presidency, DeVos was the Vice President of Amway International. As the Vice President, he was responsible for the operations of the company in 18 nations outside North America. It was under his administration that the organization opened up to new markets, which led to the tripling of international sales. For the first time, the domestic sales were exceeded by global sales in the company.

In 1991, the DeVos family acquired Orlando Magic, and he became the President and CEO of the team, a position he served for three years. In addition to successfully executed business roles, DeVos has been an impassioned leader in a broad spectrum of community initiatives. He is the proud founder of the Education Freedom Fund, which granted over 4,000 scholarships to the less privileged children in Michigan. These awards went to the West Michigan Aviation Academy, which is a High School that purposes to provide a rigorous and in-depth educational program with a focus on aviation.

He has also been privileged to serve on the State Board of Education. He has chaired and co-chaired numerous regional health care improvements and revitalization in the Grand Rapid area. Some of such include a $90 million medical school, $130 million heart hospital, $30 million Downtown Market, $212 million convention center, and a $75 million downtown arena. Dick DeVos is the proud author of “Rediscovering American Values“, which is New York Times best-selling book. The book was published in 1997 and is accessible in seven languages.

He is also a two-time National Champion sailor. Dick is a magna cum laude graduate of Northwood University with a Bachelor in Business Administration. He has also attended the Harvard Business School in addition to attending the Executive Study Programs at the Wharton School.