Labaton Sucharow Represents SEC Whistleblowers

After the economic recession in the late 2000’s, the United States Congress passed a new law known as the Dodd Frank Wall Street Reform and Consumer Protection Act. With this new law, the finance industry would be more heavily regulated. Along with this increased regulation, anyone who knows about unethical activity taking place in the finance industry will have permission to report it. They will also be represented by qualified attorneys to assist them with this process. This new policy in the law is known as a whistleblower program. By enacting this new program, many individuals will be able to not only report wrongdoing to the Securities and Exchange Commission, but also get legal representation from a SEC whistleblower lawyer in a litigation case.

 

The main firm that provides legal representation to SEC whistleblowers is Labaton Sucharow. This firm has been around for a number of years specializing in litigation against individuals and firms that unfairly manipulate the financial system. With the help of a SEC whistleblower attorney, many individuals and firms can respond if and when they become victims of wrongdoing. The current owner of this firm is longtime attorney Jordan Thomas who has been able to make a career out of making wrongdoers in the finance industry accountable for their actions. As well as being the head of this firm, Jordan Thomas brings a lot of experience and expertise as he was once a part of the Securities and Exchange Commission. As a result, he is well aware of the legal regulations in the industry and uses his firm to provide clients with a considerable amount of legal assistance.

 

One of the best things about Labaton Sucharow is the services that it offers to clients. Along with general legal counsel, clients will also be able to take advantage of assistance from financial analysts, forensic accountants and general investigators. All of these professionals will work together to help the legal team come up with a good case. With this assistance, the lawyers will be in position to listen to clients talk about their situation as well as get legal advice on what to do. They will also be able to have a lawyer file documents to the court and defendant. As well as filing documents, the lawyers at Labaton Sucharow will also provide legal representation in case there is a trial. If any litigation is successful, clients will be able to get between 10% and 30% of any damages of $1 million or more.

 

 

Is New Zealand Really a Tax Haven? Geoff Cone explains

Not so long ago, an assertion was made that the foreign policy that has been implemented in New Zealand is friendly t foreign investors who are keen on keeping secrets about their investment choices. However, according to Geoff Cone, this is the farthest thing from the truth. He asserts that the foreign policy that has been put in place by the government makes New Zealand anything but those movie-like offshore luxurious islands where tax evaders and the likes get to take their money and spend it.

The reality is that New Zealand is the exact opposite of a tax haven. The OECD still lists the country as one of the best when it comes to transparency in tax reporting. The foreign policy on investing in the country states that there must be complete transparency when the foreigners are investing. The country has never featured on OECDs blacklist and is not likely to do so in the near future.

There are law firms that have been set up to deal solely with foreign trusts and foreign taxation laws. The legal system in the country does not have any legislation that makes exchange of information with other governments and especially regarding tax reporting difficult. The country has been on the white list for implementing the said gold standard in transparency.

The requirements that are placed in foreign trustees and foreign trusts are one of the ways that the country shows its commitment to transparency. To become a trustee, there is a foreign trust disclosure form you are needed to submit by the IRD. You are also needed to keep financial and related records t be used in New Zealand taxation processes. The documents include:

• Complete details of the assets and the liabilities of the trustee
• Settlements and distributions details
• Details on the amount of money that the trustee gets and spends

In case the trustee decides to open a business in the country, they are also needed to keep a record of the systems of accounting and related charts. All this information is supposed to be kept in the country and it should also be recorded in English.

Geoffrey Cone

Geoffrey Cone has been a trusts and tax advisor for many years. His law firm, Cone Marshall, deals exclusively with issues to do with the establishment of foreign trusts. Their goal is to make sure that legal procedures are followed when investing in New Zealand.

Learn more: http://whoswholegal.com/profiles/52792/0/cone/geoffrey-cone/

Geoff Cone Takes Pride In New Zealand, Claims Country Not A Tax Haven

Geoff Cone, the Cone in the Cone Marshall Law Firm, has been practicing New Zealand tax law since 1980. He graduated from the University of Otago in Southern New Zealand and stayed in Dunedin to achieve a post graduate diploma in tax and trust law. Driven, Cone moved to Auckland in 1980 to start practicing law.

The young star attorney caught the attention of a major law firm in Christchurch, so Cone went back to the South Island after accepting a major job offer. After serving as partner and the Chairman of Partners in a leading law firm in Christchurch, he began work in the British West Indies as a litigator for two years. In 1997, the attorney returned to his island nation to setup his own firm in Auckland.

His years of experience and his passion for tax law may seem mundane, but it makes him an expert in foreign trusts. In fact, Cone runs the only law firm in New Zealand that works exclusively with tax and trust law. So when an article recently ran that said New Zealand was a tax haven, Cone took issue.

Writing in opposition, Cone says that the romantic notion that New Zealand is some exotic location for foreigners to keep their wealth is just wrong. Instead of sexy airport thriller, he says, tax law is more mundane. It is also black and white.

The evidence clearly shows that New Zealand never has been nor will it ever be a tax haven for foreign trusts. In fact, Cone writes, New Zealand holds to a gold standard for transparency according to the Organisation for Economic Co-operation and Development. The OECD sets standards for international business and tax law. New Zealand scores incredibly high according to those standards.

New Zealand was the first country on OECD’s list of countries with incredibly high transparency when it comes to foreign trusts. The 2002 OECD Model Agreement on Exchange of Information on Tax Matters instructs countries to open up channels of communication with foreign governments in order to assist those governments to apply local tax laws. This transparency should frighten off any foreigner looking to hide money in New Zealand.

Cone takes pride in his country and he points to the fact that New Zealand’s robust banking system is the reason for the uptick in foreign trusts. The stability of the banking environment in New Zealand is exactly what attracts foreign trusts, he says. People looking to setup a trust like the reliability of the country’s banking regulations and the economy.

In the end, it shows that Cone is a proud Kiwi that knows his tax and trust law. his expertise should assuage fears that New Zealand has descended into a tax haven.

Follow Cone on LinkedIn

The Securities and Exchange Commission’s Program to Protect Whistleblowers.

Individual who have information about companies that do not follow the federal securities laws are currently encouraged to report to the Securities and Exchange Commission (SEC) since there is a program that protects their rights. The whistleblower protection program was formed in 2010 after the United States Congress approved two fundamental laws, which are the Consumer Protection Act and the Dodd-Frank Wall Street Reform. The protection that the regulations provide to the informant includes a job assurance and a financial reward. The whistleblower protection program was created under the mandate of the Dodd-Frank Act.

The enactment of the whistleblower protection laws led to the establishment of various law firms that primarily practice law that offers protection to the SEC informants and also advocate for their rights. Lebaton Sucharow is one of the principal law companies in the sector, and it is devoted to offering the best legal representation to the whistleblowers. The company has a competent litigation structure that comprises of a whistleblower representation practice that manages its internal investigators, financial forecasters, and analysts who are well experienced in the enforcement of local and federal securities laws.

The activities of Lebaton Sucharow are headed by Jordan A. Thomas who has ample information on then enforcement of the whistleblower protection law. He is a former deputy principal litigation counsel and assistant director of the SEC. One of his most significant involvements in the sector was participating in the formation of the whistleblower protection program when he was still an employee of the commission.

The protection package that is offered to the Sec informants includes job security and a monetary incentive. The law protects the whistleblower from being fired by their employer or any form of employee harassment. The financial reward that they are given is about 10 to 30 percent of the money that the Securities and Exchange Commission gains as fines from the offender. Informants are also entitled to a percentage of the money that other government agencies collect as sanctions that are imposed due to the information that they offered.

The commission urges the whistleblowers to be keen on concealing their identity when reporting cases by not providing their personal data such as names and addresses. They can also offer information through attorneys who serve as their representatives. The intelligence that is provided by an individual to the SEC is guarded by the attorney-client privilege. Anyone can file a complaint with the SEC, and the commission provides translators for non-English speaking foreigners.