A Client Of Labaton Sucharow Gets The Second Biggest SEC Whistleblower Award

Recently, Labaton Sucharow announced the Securities and Exchange Commission (SEC) award of over $ 17 million to a whistleblower. The law firm represented the whistleblower for exposing considerable wrongdoings in the financial services industry. The firm was the first in the nation to create a practice that was entirely committed to representing the SEC whistleblowers. In close to six years that the SEC Whistleblower program has existed, the consideration of $17 million is regarded as the second largest to be awarded to a whistleblower.

The program allows eligible whistleblowers to receive between 10 and 30 percent of the monetary sanctions collected from an enforcement action. Labaton Sucharow’s client offered valuable information that resulted in sanctions against prominent figures in the financial markets. In this case, similar with other cases, the whistleblower opted to remain anonymous to avoid blacklisting and retaliation from the employer. The SEC does not reveal the particular cases in which whistleblowers disclose fraudulent activities. This way, they avoid disclosing the whistleblower’s identity.

Jordan A. Thomas noted that his client blew the whistle at a time when other people in the industry were comfortable to remain silent and allow investors to be hurt. Thomas is a SEC whistleblower lawyer and the principal of the Whistleblower Representation Practice at Labaton Sucharow. Thomas points out that in subsequent years, majority of SEC’s biggest and significant cases will be based on the information availed by bold whistleblowers.

Thomas represented the first officer of a public firm to receive a whistleblower award. He also worked, on the first case where the SEC successfully charged an employer for revenging against a whistleblower. With the unique incentives and protection provided by the SEC Whistleblower program, eligible whistleblowers can report likely federal securities violations without revealing their identity. Moreover, Congress has created a restocking Investor Protection Fund in a bid to ensure that they raise enough funds that can be given out as awards. Presently, the Fund has a balance of more than $400 million. This information was originally published on PRNewswire as explained in this link http://www.prnewswire.com/news-releases/second-largest-sec-whistleblower-award-granted-to-labaton-sucharow-client-300282555.html

About the SEC Whistleblower Program
The SEC Whistleblower Program is an initiative that offers protection and financial incentives to individuals that report potential violation of the federal securities laws to the SEC. It was established after the Congress enacted the Dodd-Frank Act. Among its rules, the SEC is obliged to pay 10-30% of the monetary sanctions collected to eligible whistleblowers. An SEC Whistleblower Attorney can represent the Whistleblowers.

David Osio- Living Example of True Service to Humanity

David Osio is a businessman with a vision and big heart. He is a renowned philanthropist who supports the community, medical research, and music. For several decades now, Osio has collaborated with many non-profit institutions to assist people, art, and culture. Additionally, he continues to extend his help to charity on an international scale. He has supported Miami Symphony Orchestra for many years and served as a member of its board.

 

Other roles and Engagements

 

He is known as the founder and Chief Executive Officer at Davos Financial Group which is an advisory group. His leadership skills and commitment to the company has pushed the firm to a domestic and international map. Also, Osio has facilitated an increase in the business’s income level and geographic expansions to strategic locations like Panama City, Miami, New York, Lisbon, and Geneva. Even with his busy career schedule, Osio has vowed to continue to grow and support charities.

 

The iconic foundations such as Symphony which Osio runs are busy but still find time to help the community. Osio is also supporting “The Children’s Orthopedic Foundation. He supports the foundation’s annual EPK event. His desire is that one day these kids will come together and make a financial difference in the lives of others. The other institutions he supports include the Fundana Foundation, UMA Foundation, and Wayuu Taya Foundation. He supports the arts industry by providing funds for Saludarte Foundation of Art located in Miami.

 

About David Osio

 

David Osio is a celebrated profession in the financial service industry and the sitting CEO of Davos Financial Group. The company is an independent -licensed firm dealing with professional asset management and financial services. He handles both domestic and international strategy and supervises all operations matters for effective management.

 

David has honors in law from the Catholic University Andres Bello. Upon graduation, he worked as the Director of the Legal Desk MGO. His roles included offering legal advice to multi-national firms. Osio did a specialization course from the Institute of Higher Administration Studies in Caracas. He attained advanced professional credentials in 2010 and took more studies in Management Portfolio from the New York Institute of Finance.

 

Awards and Recognition

 

Osio’s efforts in the financial service industry and philanthropy are finally paying off after he was honored a Congressional Certificate of Recognition, the U.S Flag, and the Congressman Rivera a Medal of Merit of the U.S Congress.

Learn more: http://www.lapatilla.com/site/2016/02/04/caida-de-precios-del-petroleo-amenaza-pago-de-la-deuda-externa-de-venezuel

Delivering Second Chances After Reputation Crises

Darius Fisher just won the prestigious “Business Development Individual of the Year” award from PR World Awards, a public relations awards program that honors high-achieving companies and individuals from all over the world. Fisher won because, under his leadership, Status Labs, a leading PR and reputation management firm, expanded rapidly, building an impressive client base of politicians, public figures and Fortune 500 brands located in 35 countries.

Using performance awards, team building exercises and sales goal incentives, Fisher motivates his team to excel.

Darius Fisher, who co-founded Status Labs and currently serves as CEO and President, is well-known for his expertise in online reputation management. Recently, he gave a presentation, “Why the First Page of Google Search is the New First Impression” to a group of his peers at an industry conference in Las Vegas, Nevada. Fisher has also been interviewed by the New York Times, the Huffington Post and other publications that value his opinions on handling online reputation crises.

After graduating from Vanderbilt University, Fisher spent a year at Discovia, where he worked as a Litigation Support Executive. Next, he took a Political Consultant position at Storefront Political Media and finally a Senior Copywriter position at Agora Publishing before founding Status Labs. In his free time, Fisher enjoys playing soccer and working as a volunteer mentor at Defy Ventures, which empowers people who have criminal histories with character training and entrepreneurship mentoring.

More information for Darius Fisher:

https://angel.co/darius-fisher

Securus Uses ConnectUs To Save Millions

Securus Technologies has invested over $600 million in technologies, patents, and other related items which pertain to correctional facility communication and filing innovations. This organization has been around thirty years, and is based out of Texas. It has expanded to the point where it regularly interacts with 1.2 million inmates across over 2,000 correctional facilities. Each of those inmates, on average, produces some 13.8 complaint or grievance forms on a monthly basis. That’s 16,560,000 forms every month. If there are only three minutes spent by correctional facility personnel on each form, that comes to 828,000 hours a month. Yearly, that’s 9,936,000 hours. At $15 an hour, that’s $149,040,000 a year that American correctional facilities just flush down the toilet. And that doesn’t include the loss of paper involved. Some complaint forms may be just one page, some may be more; but at an average of 13.8 forms per inmate per month, and only taking the 1.2 million inmates Securus works with, the amount of paper involved (calculated at 400 pieces per packet, and $3.00 per packet) comes to $124,200. A drop in the bucket compared to the personnel value lost in filing unnecessary paperwork.

If $149,040,000 worth of man hours can be nationally allocated toward more efficient operations, even more can be saved.

Securus Technologies is a relatively small company with between 500 and 1000 employees working there. Still, it’s expanded nationally, and provides solutions in infrastructural engineering that have more than one kind of efficiency behind them. Additionally, this company has a commitment to continually discovering more ways of saving time and money for correctional facilities and public institutions that deal with inmates across the country.