We want to encourage the future ‘Jakes’ of Wall Street to come forward and show that the famous movie phrase ‘Greed is Good’ can be a positive force for Wall Street and not just a negative force.
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New York, NY (PRWEB) September 21, 2010
The nationally recognized investor and securities employment law firm of Stuart D. Meissner LLC, located Manhattan, New York, announced today the launching of http://www.SECSnitch.com ], targeting whistleblowers under the new whistleblower provisions within the July 21, 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act. The Act deputized employees in Wall Street brokerage firms and public companies to be the eyes and ears of the Securities and Exchange Commission (“SEC”) and the Commodities Futures Trading Commission (“CFTC”). The law awards a whistleblower who provides “original information” leading to the successful prosecution of the violation of securities laws to recover 10% to 30% of any monetary sanctions exceeding $1,000,000 recovered by the SEC or CFTC. In addition, the Act provides legal recourse for employees who are retaliated or discriminated against as a result of whistleblowing under the statute. In addition, if represented by counsel, the law provides for anonymity if the whistleblower so chooses, up until the whistleblower is paid their bounty.
The site is being launched along with the release of Oliver Stone’s Wall Street – Money Never Sleeps starring Michael Douglas and Shia LaBeouf. Along with the site, a new advertisement will be aired in theatres, targeting securities industry employees. LaBeouf plays the role of Jacob (“Jake”) Moore and lives in an apartment in Manhattan’s Chelsea district. The advertisement will be first shown on the film’s release date, Friday September 24, 2010 in Chelsea, the fictional home of “Jake”, appearing in Chelsea Cinemas, along with the renowned Ziegfeld Theatre in the Broadway district in Manhattan. The ad will be set to music similar to the theme song from “Law and Order”. The showing of the http://www.SECSnitch.com advertisement will roll out to other theatres in other areas of New York commencing on October 8, 2010 including the Brooklyn Pavilion Theatre in Park Slope and Great Neck Squire Cinemas.
Stuart Meissner Esq., is a former Assistant Attorney General in NY State Investor Protection and Financial Crimes Section both under Eliot Spitzer and his predecessor. Mr. Meissner was also a prosecutor in the Trial Division of the Manhattan DA’s Office under former DA Robert Morgenthau. For the past nine years Mr. Meissner has successfully represented numerous defrauded investors against Wall Street investment banks, Wall Street whistleblowers and individual securities employees, never having lost any in-person FINRA arbitration* to date. In 2006 Meissner represented a senior employee whistleblower from UBS in a FINRA employment claim, resulting in an investigation by former NYS Attorney General Spitzer, reported December 13, 2006 in the Wall Street Journal.
The Meissner firm has already filed five SEC complaints based on the new statute involving Wells Fargo Investments, Banc of America Investment Services, hedge fund Plainfield Asset Management and others. In addition, several other whistleblower claims involving past major investment bank and hedge fund activity are expected to be filed in the coming weeks. The claims focus on activity not only in the United States, but around the world. Most of the claims involve issues arising from 2008 credit crises. One complaint filed by the Meissner firm has already resulted in an investigation by the FBI and United States Attorney’s Office as reported by Fortune Magazine’s September 10, 2010 issue and another complaint has resulted in the launching of a FINRA Enforcement investigation, which often refers their results to the SEC.
Meissner authored a July 27, 2010 Forbes.com article , titled “Law Lets Whistle-blowers Get Rich For Doing the Right Thing” detailing the implications of new law. Meissner also submitted an August 17th 2010 comment letter to the SEC to assist the SEC in its rule making required in implementing the new statute. Mr. Meissner is also scheduled to meet with Stephen L. Cohen, the Senior Advisor to the SEC Chairman, on September 23, 2010 in Washington DC to provide input on how the regulator may create rules to encourage whistleblowing and the protection of whistleblowers. “We want to encourage the future ‘Jakes’ of Wall Street to come forward and show that the famous movie phrase ‘Greed is Good’ can be a positive force for Wall Street and not just a negative force,” said Meissner, the brain child of the campaign to help the SEC clean up Wall Street.
*Past results do not guarantee future outcomes
See the Advertisement at http://www.SECSnitch.com and For More Information Contact:
Law Offices of Stuart D. Meissner LLC
450 Seventh Ave. Suite 2205
New York, N.Y. 10123
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