Maybe things in the financial industry have been high pressure and performance issues have been difficult to navigate. A career that was once thought of as a way to prosper and live a good life. Yet, once in the door there was a set of rules for one day and then it was quickly replaced by an inside set of performance tactics that if not adhered to, pressure was exerted in an uncomfortable way. This may be one of many reasons whistleblowers become ripe to act out their expository role in the uncovering up questionable ethics at their home office. Take heart, financial industry hold outs, as singing has now become a place to make that fortune and ease a blackened conscience. The Securities and Exchange Commission (SEC) has now laid out the officially awarded over $17 million payout for legally represented whistleblower forces. No more shady business practices in the world of finance as the underlings who were being abused by pressure to use unethical tactics to scam clients into fraudulent stock picks, are speaking out.
They will no longer be silent since they stand to be awarded millions for speaking as their representation will follow the guidelines of the newly developed Whistleblower Program. For the past six years, this SEC program is using the Frank Dodd legislation to ‘clean up.’ A new industry has taken hold with the program mapped out by the likes of Jordan A. Thomas, SEC whistleblower legal guru. He heads up the Labaton Sucharow specialty law firm otherwise referred to as the Whistleblower Representation Practice.
Jordan is pleased with how well the clients are fairing in these litigation dramas between the financial industry management and the abused stock holders. Whistleblowers are coming out of the woodwork to tell it like it is. “My client blew the whistle when others in the financial services industry ” were mute. This benign neglect of the investors is not only unethical but it allows much harm and abuse to come to them.
Of course these are financial industry whistleblower legal experts. Although they are talented legal minds with good intent, the public is baffled at the double standards they are surrounded by. These crafty legal teams are able to unleash all their venom and cunning on private sector groups such as the financial industry with what motivation? However, there is much of the same unethical governmental activity that goes unchecked and is given pass after pass.