Securities and exchange markets provide individuals with the opportunity to invest and make money from their investments. However, in the past, some players in the sectors have participated in various crimes that saw unsuspecting investors lose their hard-earned money. Despite other players in the industry having information on these fraudsters, many have always been afraid to step forward and report the crimes since they fear for both their security and that of their jobs. To solve this problem, the Securities and Exchange Commission has come up with new methods to lure these crucial witnesses to speak out.

One of these ways is the implementation of the Dodd Frank Wall Reform and Consumer Protection Act. The Congress enacted this Act in 2010 in order to provide new financial regulations in the United States. The Act offers whistleblowers numerous incentives such as employment protection, financial rewards and personal safety. In exchange, the whistleblowers are expected to report individuals and institutions that are violating federal securities laws to the SEC. The information is then used to investigate and prosecute the lawbreakers.

After the Act was passed, many organizations stepped in to help the Act achieve its agenda. For examples, law firms across the nation have been establishing practices meant only to focus on protecting whistleblowers. The practices also encourage more people to come out and report financial crimes through a trusted SEC Whistleblower attorney. Labaton Sucharow was the first firm, in the United States, to create these services. Jordan A. Thomas heads the firm. He is a former leader at SEC. At the office, Thomas worked as both the assistant director and the assistant chief litigation counsel.  This information was originally mentioned on Sec Whistleblowers as given in this link http://www.secwhistlebloweradvocate.com/program/program-overview

The first significant change that the new legislation brings to whistleblowers is maintaining their anonymity. In this move, a whistleblower can use the services of SEC Whistleblower attorneys to report the crime to the SEC. The act also prohibits firms from retaliating against whistleblowers. This means that one can report directly to the SEC and still enjoy his or her job security.

In addition, whistleblowers are entitled to 10-30% payout from all successful SEC enforcement that arose from the information provided by them. However, the sanctions must exceed $1 million for the whistleblower to be paid. Despite this threshold, there are additional awards whenever the monetary penalties collected exceeds that amount.

The new incentives have seen many people open up and join the SEC Whistleblower Program. Whistleblowers can provide information through phone, email and other electronic platforms.