At The Reha Law Firm LLC, we have exceptional knowledge of all whistleblower legislation and possess the necessary skills to resolve your disputes. Our lead attorney, John F. Reha, was published in the Online Supplement to the Denver University Law Review on March 17, 2011. The title of his Comment is “The ‘Bounty’ and Strengthened Whistleblower Protection Provisions of the Dodd-Frank Reform Act.”
If you are employed by a company that you believe may be orchestrating a securities fraud scheme, or if you otherwise have valid, quantifiable information of a securities violation by a public company, you may have rights as a whistleblower, including the substantial bounty provided by Dodd-Frank. If you would like a confidential consultation on such a matter, please call (303) 717-3632(303) 717-3632.
Littleton Dodd-Frank Reform Act Lawyer
On July 21, 2010, President Obama signed into law the new Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (“Dodd-Frank”), Congress’ Wall Street reform legislation package passed in response to the financial crisis that began in 2008. Dodd-Frank’s whistleblower provisions are primarily codified at 15 U.S.C. § 78u-6 (§ 21F of the Securities Exchange Act of 1934).*
Congress determined that such fraud schemes as Enron, the collapse of AIG, and Bernie Madoff’s “Ponzi” scheme would likely have been uncovered much earlier if financial incentives and employment anti-retaliation measures existed under federal law to protect those persons having knowledge of fraud in the event they came forward to assist the Securities and Exchange Commission (the “SEC”) in pursuing fraud violations. Hearings conducted by Congress showed that at least half of all financial fraud schemes that become known first come to the SEC’s attention through tips from employees or other sources. In this day of strained federal budgets, the SEC does not have adequate staff to investigate many fraud schemes. Logic dictates that if employees or other sources having information of a fraud scheme are incentivized to come forward to the SEC (and if their job security is protected if they are an employee of the company orchestrating the fraud), the SEC will be enabled to focus its finite investigative resources on those cases in which it has a “head start” and will be better able to concentrate on those matters relevant to the potential fraud disclosed by the employee.
Dodd-Frank expands the whistleblower provisions under the Sarbanes-Oxley Act (“SOX”), 15 U.S.C. § 7241, but which under SOX were available only in insider trading cases, and which under SOX did not provide the bounty nor the anti-retaliation provisions of Dodd-Frank. Under Dodd-Frank, a bounty is available for whistleblowers in numerous financial fraud cases, both those involving insider trading and those for general securities fraud. Further, significant protection against retaliation against employees who come forward with incriminating information is provided under Dodd-Frank.
John has long been rated by his peers as an “AV**” level attorney, which notes both the highest level of competence and ethics. John was selected for inclusion in 2011 Colorado Super Lawyers. Only 5 percent of the lawyers in the state were selected.
You can rely on our experience and proven reputation in the legal community for guidance with your whistleblower concerns. Contact us online to schedule an initial consultation.
*Federal Securities Statutes are the Securities Act of 1933 (the “1933 Act”) and the Securities Exchange Act of 1934 (the “1934 Act”). Although amended many times through the years, reference is still made to them by the years they were respectively originally enacted.
**AV Preeminent and BV Distinguished are certification marks of Reed Elsevier Properties Inc., used in accordance with the Martindale-Hubbell certification procedures, standards and policies. Martindale-Hubbell is the facilitator of a peer review rating process. Ratings reflect the confidential opinions of members of the bar and the judiciary. Martindale-Hubbell ratings fall into two categories: legal ability and general ethical standards.
DISCLAIMER: This information is being provided as a public service, and by doing so, neither The Reha Law Firm, LLC nor any attorney associated with The Reha Law Firm, LLC is providing any legal advice of any nature to any person or firm, whatsoever. If the reader believes that he or she is in need of legal advice as to the issues discussed herein or for any other reason, he or she is advised to retain an attorney of their choice to provide appropriate legal representation.
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