The SEC developed the whistleblower program so that they could have a better chance at stopping the internal theft that is rampant within the commission. They want to make sure that they get a handle on the theft and that they are able to make sure that they can get what they want out of it: justice. This means that they will go to any lengths and will spare no costs at getting what they need from the people who are a part of the SEC. This is why they created the whistleblower program that helps them as well as employees.
The employees used to be worried about retaliation if they made the choice to blow the whistle. Sometimes, the problem comes from the higher-ups in the SEC and they don’t want to be retaliated against or fired because they made the choice to report the issue to the SEC and to the authorities that are responsible for handling these types of claims. It is important that these people report these things and the SEC made the whistleblower program to help these people feel that they were better protected. They are no longer allowed to be retaliated against for reporting it.
It always pays to be able to do the right thing and the SEC wants to guarantee that the people who make the reports are rewarded for reporting it. They want to make sure that their employees feel that they are being treated fairly and that they are doing the right thing. For this reason, they have created rewards for the whistleblowers. The rewards can be a lot of money and will really be worth the risk that the employee decides to take when he or she makes the decision to blow the whistle to the SEC.
Despite the fact that the SEC has a program in place to help the whistleblowers, they should still work to make sure that they, themselves, are protected. They can do this by making sure that they have an attorney who is able to represent them throughout the process. Labaton Sucharow is that attorney. They specialize in SEC whistleblowers and their only clients are these people who want to be able to report the issues that they see within the SEC to the authorities. Labaton Sucharow is a firm that has experts on the SEC and what goes on there.