Achieving a perfect society where every citizen is compliant to the law is something that calls for the presence of streamlined structures that facilitate the understanding and interpretation of laws. Every constitution offers a set of instructions to the citizens regarding their rights and the resources they deserve to access for their betterment. If any of the rules stated therein is not fulfilled, any individual aggrieved deserves feedback regarding the action that should be taken to cover the deficit created by the action so perpetrated.
Law is a wide field that has been useful in directing the way government agencies and bodies operate. In the presence of proper and clear laws, it proves simple and easy to handle even the most complicated problems. Many professionals from across the world who engage in the development of constitutions and laws take time to first learn the laws that are applied in other regions so they can borrow those parts that prove effective and ideal to the specific setting they want to draft laws for.
Comparative law is one of the ways experts get information that is useful while developing new laws to be applied in the development of structures within governments. Through comparative law, government agencies are able to come up with procedures that allow the development of a strong relationship between the government and other nations.
With seamless legal infrastructure that is developed through comparative law, developing constitutional laws becomes possible and easy. Experts can borrow ideas from laws used in other jurisdictions.
Sujit Choudhry is a renowned professor who has been working on comparative law as a specialty. He worked as the dean of Berkeley University of Law between 2014 and 2016 and has been spending most of his time working with governments and research agencies to help in the development of laws for constitutional development. Sujit Choudhry also founded the Center for Constitutional Transition, an organization that offers a platform for comparative and constitutional development experts to explore their skills.
He researches on many topics among them constitutional design and development, policy options, territorial laws and comparative law. His prowess as a comparative lawyer motivated him to author several books and journals in the specialty, which offer guidelines and solutions that are applicable to solve complex problems that affect governments from across the world.
Informants who have been offering useful information to the Securities and Exchange Commission are currently protected by the whistleblower protection program, which was created in 2010. The formation of the plan was influenced by the enactment of the Dodd-Frank Wall Street Reform and the Consumer Protection Laws, which were the next significant legislations to be passed by the Congress since the Great Depression. According to the SEC whistleblower protection program, the informants who notify the Commission on companies that do not follow the state and federal securities laws should be offered job protection and some money as a reward.
Many new law companies have been formed in the United States to provide legal services to the SEC’s sources. The Labaton Sucharow is a well-recognized firm that was stabled approximately five decades ago and it opened a whistleblower representation division in 2010. It was one of the first companies to offer the service. Labaton Sucharow’s has specialized in providing excellent plaintiff representation, and it has also created a superb platform for filing litigations. The company has a highly trained team of employees, and they include forensic experts, an in-house group of detectives, and financial auditors. They all have the skills that are necessary for the enactment of the securities laws and are also dedicated to ensuring that the firm’s clients are fully satisfied.
Jordan A. Thomas is the current administrator of the Labaton Sucharow’s division that represents whistleblower. He has sufficient expertise and experience in the securities sector since he has served as a deputy director of the SEC. Other achievements of the attorney in the industry include being one of the professionals who created the whistleblower representation laws.
The commission’s informants currently receive about a third of the fines that it collects as a reward for offering valuable intelligence. The protection program also demands that the informants should also be offered a monetary incentive by other law enforcement agencies that use the information that they provide. Job protection should also be guaranteed. The Dodd-Frank Act protects the whistleblowers by ensuring that they cannot be harassed by employers.
The SEC has been motivating the public to give reports on any organization that is participating in fraudulent undertakings. The commission has made it easy for any individual to consult. No fee is required to access its services. Foreigners who are not fluent in English can get free translators from the SEC. It has also allowed whistleblowers to hire attorneys to represent them so that they can keep their identity private.
In recent news, the Securities and Exchange Commission has announced that it has awarded over seventeen million to a whistleblower. This whistleblower was responsible for uncovering fraud and illegal activities in the finance industry. This monetary award is the most that have been given from the SEC Whistleblower Program. The program has been around for a few years now and has done a great deal to motivate people to expose wrongdoing in the financial sector. The way the program works is that the whistleblower is awarded a certain percentage of the recovered money from the illegal activity.
The company that that was under the microscope was not named. One of their clients was responsible for exposing the illegal activities in question. No further details were available regarding the case because the SEC does not reveal details of the cases where whistleblowers are involved in protecting their identities. A SEC whistleblower attorney named Jordan A. Thomas said that the whistleblower in question was bold enough to step up when many others stood by and allowed the activity to occur. The attorney was given a whistleblower award and is known to have won the first case in which an employer chose to retaliate against a whistlblower. The SEC whistleblower lawyer feels that now many more individuals will find the courage to step up and stop the illegal activities that harm investors. The source of the funds that are available for the Whistleblower Program comes from the Investor Protection Fund which is currently at a balance of over $400 million dollars.
The law firm that represented the whistleblower was Labaton Sucharow LLP and is quite prestigious and has been for over fifty years. They have represented investors and businesses that are involved in complicated legal procedures. In fact, they were one of the first firms to offer protection to whistleblowers that reported illegal activities to the SEC. They were pleased with the award and plan on representing even more clients that are willing to step up to do what is right. The company is willing to do whatever it takes to expose corruption in the financial sector and to represent those that take a stand against those types of occurrence.