Randal Nardone is a prominent attorney who decided to change his career to finance. After starting his profession in finance at Thacher Proffit & Wood, he climbed the ladder by holding a senior position at BlackRock Financial and then later moved to Union Bank of Switzerland. While serving in a high capacity at one of the leading banks in Switzerland, the universe might appear like a loft target for the majority of people, but this was not enough for him. As a result, Randal Nardone made a huge move to establish Fortress Investment Group in 1998. The company has been experiencing tremendous growth since that period.
It is due to this latest development that has given him a chance to appear on the Forbes Billionaire list. Having a net worth of $1.8 Billion, Randal Nardone takes position 557 as the wealthiest person in the world, and all his wealth is self-made. His incredible riches is associated with its shares in Fortress Investment Group. On top of this, he has received more than $100 million in other cash compensation.
Currently, Nardon continues to work as the president of Fortress Investment Group. His come back to the organization in 2011 was altogether suitable, considering his initial role at the company. According to the report released on 30th June 2016, Fortress manages over $70 billion in alternative assets. All these assets are divided into private equity, liquid hedge funds, and also credit funds.
Apart from the noticeable financial accomplishment of Randal Nardone, there are other numerous achievements under his belt. For instance, in 2014, under his leadership, Fortress Investment Group received the award of hedge fund manager of the year from the Institutional Investor. Additionally, the HFMWeek awarded the company Managment Firm of the Year award the same year.
On top of that, the organization has been acknowledged and congratulated by the Institutional investor as the Discretionary Macro-Focused Hedge Fund of the Year” for 2012. It was also recognized as the Credit-Focused Fund of the Year for two consecutive years, which is 2010 and 2011. All this was just achieved together with the company’s latest achievement, as SoftBank Group acquired the company.
At only 51 years old, Nardon has accomplished a significant fortune. He has managed to make his success with the help of strong connections with other excellent investors and also a steadfast determination to his organization’s sustained success. Even though Fortress might no longer be an independent entity, his influence will live on with him as the president of the firm.
Randal Nardone is an entrepreneur and executive in the financial services industry. Today, he is the current co founder and principal of the firm known as Fortress Investment Group. Nardone has been able to achieve a lot of success as both a financial services entrepreneur as well as an attorney. His success has allowed him to become one of the wealthiest individuals in the United States. The financial publication Forbes magazine released its list of riches Americans and billionaires list. Randal Nardone was included in the most recent list. In recent years, Nardone has facilitated a deal where Fortress Investment Group was sold to an entity known as Softbank Group.
After completing his educational programs at both the University of Connecticut and Boston University, Randal Nardone began his career working in the legal field. His first experience was at the New York City based law firm known as Thatcher, Proffitt & Wood. At this firm, he worked as a regular attorney before being promoted to other high ranking positions. While working at the law firm, Nardone would eventually become a partner as well as the executive committee. Randal would eventually develop an interest in the financial services sector and look to pursue that path. Therefore, he left Thatcher, Proffitt & Wood and took a position at an investment firm.
When Randal Nardone first got involved in the financial services industry, he served as principal of Blackrock Financial Management. As the principal, he would play a major role in developing the firm’s products and services. He would also provide top level management of the firm as well. During his time at Blackrock Financial Management, he would help make it into a successful firm. However, he would look to pursue other opportunities in the field.
His next position in finance was at the firm UBS. Randal Nardone would serve as the managing director of the firm during his entire year there. While he was working at UBS, Randal would continue to build on his experience of providing sound management and leadership of an investment firm. He would regularly participate in helping the firm bring in new clients as well as its general expansion. Nardone would eventually leave the firm in 1998 and start up his own firm Fortress Investment Group.
For those who are living in Brazil, you need a lawyer you can trust to see you through to the end of the case that you have open. Lots of people try to avoid hiring an attorney and represent themselves in court to avoid the expense, only to find that this does more harm than good because they are not able to do this in a way that is beneficial to them. This is why you need a good lawyer who has years of experience and is able to represent just about any case that you have open right now or are going to be dealing with in the near future.
The most beneficial professional in Brazil is known as Ricardo Tosto. Ricardo Tosto has been working for years and can help you with the different types of cases that you have open. Ricardo Tosto has been working as a Brazilian lawyer and attorney for many years and has worked on hundreds of client cases. Because of his extensive amount of experience, you can feel confident hiring Ricardo Tosto and knowing that he will work with you and ensure that your case gets you the compensation and result that you want or need.
There are so many reasons to give Ricardo Tosto a try for yourself. Not only is this professional experienced, but he also has a degree in business administration along with a degree in law. This gives him an edge that many other attorneys simply do not have in the area. Plus, Ricardo Tosto takes on a variety of different cases, so you don’t have to worry that he will not be able to help you out because of a case that is unique or difficult. You can contact Ricardo Tosto and find out more about what he can do for you as well as the prices associated with his services. Many have found solace in hiring Ricardo Tosto and are finding this expert to be one of the very best out there who is looking out for their best interest when they are going to court soon.
For More info: globoplay.globo.com/v/3436363/
Bruno Fagali is a legal representative based in Brazil. For more than two decades of excellence and professional value in the legal industry, Bruno Fagali has achieved the best for his clients in a manner that sets him apart in the industry. Few people can compare Bruno Fagali’s level of success towards solving the business solutions facing his achievements in the industry. While most of the legal representatives in the country continue to have a tarnished name, Bruno Fagali remains at the top of the industry in the provision of unparalleled business solutions. Perhaps this is the reason why he has been adopted for better reviews in the industry. Few people can compare their levels of success with Bruno Fagali.
Bruno Fagali is also the CEO and Founder of the Fagali Law firm based in Brazil. The Fagali Law Firm has gained recognition and adoption in the international market. This is due to its achievements in the industry that places the legal firm at the top of the business solution in the industry. Few companies have attained the level of prominence the Fagali Law Firm is working. Because the company has the largest capacity of solving both internal and external legal issues to success, they have been adopted as one of the best law firms in the world. Read more about https://about.me/brunofagali
Bruno Fagali is also a lawyer who has specialized in the anti-corruption and public law. When Bruno Fagali realized that the industry needed a new way of solving their issues in the industry, they developed better business advancement solutions towards becoming part of the solution to the corruption allegations facing most of his clients in the country. This is perhaps the reason why he has attained the most sophisticated business capability in a manner that sets his business rule apart. Bruno Fagali also handles administrative contracts.
The American criminal justice system has a number of peculiarities that make it unique throughout the world. One of those things is the number of people that the United States incarcerates each year. America has just 5 percent of the world’s total population, but it has over 25 percent of all incarcerated people on the planet. There are many reasons for this outsized incarceration rate, but one of them is the plea bargain.
The plea bargain originated as a way to reduce the massive case loads that were clogging up the United States’ judicial system. Today, over 90 percent of all criminal cases are decided by plea bargain. Without this important tool, which allows judges and prosecutors to efficiently handle the extremely large numbers of cases that come through the U.S. criminal justice system, the system itself would quickly become bogged down with an incredible number of criminal cases, leading to total gridlock of the judicial system, especially within larger American cities, where crime rates tend to be much higher. Read this story at Politico.com about George Soros.
But the plea bargain has a number of serious problems. Most people are familiar with the fact that prosecutors have wide discretion regarding whom they charge with crimes and whom they simply let go. It is also widely understood the prosecutors have great leeway in determining the amount of time that those who do decide to plead guilty through the use of a plea bargain will spend in jail.
What’s far less widely understood is that the plea bargain gives prosecutors more de facto power than judges, juries or anyone else in the criminal justice system. This is an evolved trait, which was never intended in the original conception of the U.S. criminal justice system. Today’s prosecutors, in terms of impact on people’s daily lives, are the most powerful elected officials in the country. The source of this power is the plea bargain. And the real reason the plea-bargain confers so much power on prosecutors is because it gives prosecutors the ability to decide effectively who is guilty and who is innocent.
Through tactics such as what’s referred to as loading, a situation where prosecutors will charge defendants with a host of serious crimes, carrying 20, 30 or 40 years of potential prison time, prosecutors who are determined to send someone to jail can almost always force them into a plea bargain where they will end up doing time.
George Soros has recognized this flawed aspect of the U.S. justice system and as set about to permanently change it. He is doing so by replacing hard line conservative prosecutors with more progressive minded and liberal ones. George Soros established the Open Society Foundations.
Jordan Thomas recently led his team at Labaton Sucharow LLP to secure a substantial award for a client who reported a transgression in a very high-profile case. This is the second largest SEC whistleblower award given to date.
Labaton Sucharow LLP is the nation’s first practice to exclusively dedicate itself to represent SEC (Securities and Exchange Commission) whistleblowers. This case in question was awarded more than $17 million to a client who exposed a significant transgression in the financial services industry.
It is the second largest award from the SEC Whistleblower Program, now in its 6th year. This program allows whistleblowers to receive between 10 and 30 percent of the total awards won in a successful enforcement action.
This whistleblowing client provided great information that led to authorizations against a major company in the market. This client, as with most cases, chose to remain anonymous to avoid possible retaliation. The SEC does not reveal cases where the whistleblowers played a role to help prevent revealing the identity of the whistleblower.
The SEC Whistleblower Program has unique protections and incentives for eligible clients. Clients, including the one in this particular case, can report any possible federal violations anonymously with added employment protections. They also have an opportunity to gain substantial money from the case. Congress has even established an Investor Protection Fund that ensures adequate funds are available and currently has a balance of over $400 million.
In 2010, Congress enacted the Dodd-Frank Wall Street Reform and also the Consumer Protection Act, which was the largest overhaul of financial regulation since the Great Depression. As part of the Dodd-Frank Act, the whistleblower program was created to entice people to report violations to the SEC.
As part of the rules, the SEC is required to pay these whistleblowers the 10-30% of the sanctions, as stated before, but only if the case is won and the sanctions exceed $1 million. If those requirements are met, they may also be eligible for other awards based on the money collected in related actions by other law enforcement agencies. The Act also prohibits and will prosecute any retaliation against SEC whistleblowers.
A SEC attorney is competent in the complicated laws of the Security Exchange. Thousands of people are effected each year by securities fraud that is committed against investors. The Dodd-Frank act emphasizes that whistleblower rights be protected. Often times, turning over pertinent information creates enemies and you could find yourself falsely terminated. This is when most people rely on the legal representation of a SEC Whistleblower attorney. They will fight for your rights and get you the compensation you deserve to successfully win your claim. You don’t have to worry about fighting your legal battles on your own.
Labaton Sucharow was one of the first attorney’s to dedicate his entire practice to SEC laws. He was one of the first attorney’s in the industry to do so. He is one of the top leading professionals in real time SEC laws. He has played a major role in implementing SEC laws to where they stand today. Sucharow admits that valuable information that saves the SEC thousands of dollars in investigating and resources. He understands whistleblower’s are entitled to 10-30% of every million that is collected. You get the money thst you need when you’ve been treated poorly by your employer as a whistleblower.
You’ll discover how to win your case with a professional SEC whistleblower lawyer that will give you a free consultation and legal advice on your claim. They will sit down and discuss your case options with you. It is important to maintain your privacy to avoid being blacklisted. A SEC attorney will maintain your confidentiality and ensure you will have discretion with your claim. Sucharow has won of the largest SEC claims in history for his client. His client received over 56 million dollars in a recent court proceeding.
The Securities Exchange is attempting to build the trust of their investors. The federal government is cracking down on individuals who affect investors through financial fraud. They have said that unscrupulous practices have discouraged investors. The goal is to keep implementing laws that will protect consumer rights. A whistleblower is now getting the protection that is highly deserved. You’re not sure what to do? Call a legal professional that can help. They don’t collect unless you win your claim. Discover how to give yourself a better chance of winning your claim with a professional that can help. Discover how to win your claim through the representation of competent legal counsel.
The SEC Whistleblower Attorney highlights some of the few issues that inspired the federal government to push for the introduction of the SEC Whistleblower Program. The program came into the limelight in 2010 when the Dodd-Frank Consumer Protection Act was emended to offer better capabilities and protection to whistleblowers. This was after many cases went unreported and others left unattended for many years.
Other perpetrators also intimidated whistleblowers to an extent that individuals with new information could not make an attempt of exposing the ills propagated by certain companies. Below are the main factors that inspired the decision to come up with the SEC Whistleblower Program.
Lack of sufficient reporting capabilities
Before the 2010 amendment to the Consumer Protection Act, whistleblowers were not adequately catered for and most of them feared for their lives because there were no adequate measures to protect them from the wrath of individuals who were reported for violating securities laws. Most of them could not share information because this would be made public, thereby putting a strain on their lives.
However, the SEC Whistleblower program came with many features like the anonymous reporting provision that would allow whistleblowers to report securities violations without putting their lives into danger.
Additionally, employers can no longer intimidate or fire an employee for exposing ills because this is a right that has been incorporated into the law. Those thought to have intimidated or in any manner retaliated against the goodwill of a whistleblower to expose them are sued to face legal action.
The need for international coverage
Violations happen anywhere in the world because business is not a confined area that is available in some part of the world and absent in others. Therefore, there was need to come up with a system that would make it easy for whistleblowers from any part of the world to share useful information about violations. The International reporting provision that came with the SEC Whistleblower Program is a step that enabled whistleblowers from any corner of earth to report rogue business individuals.
Awesome compensation to motivate whistleblowers
Lack of motivation may also make it difficult for a whistleblower to share information about the ills happening around him/her. Most of them viewed this is a useless step that would not benefit them at the end of the day. The SEC Whistleblower Program has eliminated this notion through the introduction of a compensation package that expends to as much as $5 million for information shared about violations.
Learn more about the SEC Whistleblower lawyers
In the past, the United States has experienced numerous financial frauds committed by investment bankers and financial institutions in the past. These fraudulent individuals use their positions to enrich themselves while the public suffers from the economic problems created thereof. In order to resolve this issue, the Securities and Exchange Commission (SEC) was established. The office is charged with the responsibility of investigating and recovering funds lost through fraudulent activities.
When SEC was formed, its main challenge was identifying individuals who were breaking federal securities laws. It needed to rely on whistleblowers in order to accelerate the process of identifying criminals and investigating them. However, the laws that existed at the time did not provide the secure platform where this exercise could be done. To this end, the office teamed up with Dodd Frank-Frank to sponsor a bill to the Congress.
In 2010, the Congress passed the Dodd-Frank Wall Street Reform and Consumer Protection Act. The new law brought several changes on how the United State’s financial industry could be regulated. Through the Act, the SEC was able to establish a new whistleblower program. This new program has numerous incentives that have resulted to an increase in the number of people coming out and reporting financial frauds to the SEC. The SEC has in turn been able to prosecute many individuals besides recovering some of the wrongfully gained funds.
The program has three main incentives: employment security, money and privacy. The Dodd-Frank Act provides all financial whistleblowers with job protection. Unlike in the past when whistleblowers could lose their jobs if their employers discover them, the current law ensures that companies respect whistleblowers. Secondly, whistleblowers enjoy monetary benefits. They are awarded 10-30% of all money recovered by the SEC if the amount sanctioned is more than $1 million. This rule applies to funds recovered by other law enforcers using the information provided by the whistleblower.
Whistleblowers have the option of providing the information anonymously. This incentive is important to individuals who fear for their personal safety and that of their family members. With this option, a whistleblower can use the services of a SEC Whistleblower attorney to report fraudulent activity. The lawyer will then act as a link between the individual and the SEC. Extra measures are taken by the SEC Whistleblower attorney to ensure that the client remains anonymous and that he or she enjoys the full protection of the law, in case his or her identity is revealed. The above incentives have completely transformed the confidence of whistleblowers. This information was originally reported on SEC Whistleblower Advocate’s website as seen in this link http://www.secwhistlebloweradvocate.com/program/program-overview
Dodd-Frank Act became a federal law on July 21, 2010, after being signed by President Barrack Obama. The primary goal of passing the act was to protect the U.S. financial system from the financial crisis such as the one that occurred back in 2008 and left millions of Americans jobless. This act will police the financial system and avert excessive risk-taking, which caused the financial crisis. The development of a whistleblower program was one of the many benefits that came with the passing of Dodd-Frank Act. The program offers employment protections and rewards individuals who report potential securities laws violation and integrity breaches to the SEC.
Labaton Sucharow is a law firm that reacted to the sweeping legislation by establishing a practice purposely focused on protecting and representing SEC whistleblowers in court. The firm has an established securities litigation platform. Its Whistleblower Representation Practice is managed by a team of specialists consisting of financial analysts, forensic accountants, and investigators who have unmatched federal and state law professional expertise. The experts represent whistleblowers and ensure that their rights are respected.
Jordan A. Thomas, head of the practice
Jordan Thomas, who previously served as Assistant Chief Litigation Counsel and Assistant Director for the SEC’s Division of Enforcement, leads the Whistleblower Representation Practice. He played a significant role in developing the Whistleblower Program. He participated in the drafting of the suggested legislation and final execution rules.
How whistleblowers will benefit from the program
The rules of the whistleblower program clearly state that SEC should pay qualified whistleblowers 10 to 30 percent of finances collected when the SEC enforcement action becomes successful, and the monetary sanctions go above $1 million. In case this threshold is achieved, whistleblowers will enjoy additional awards from monetary sanction collected in similar actions forwarded by law enforcement and regulatory organizations. The Dodd-Frank Act outlaws any form of retaliation by employers or bosses against whistleblowers who forward claims of possible violations of laws to the SEC. Whistleblowers are offered a chance to report integrity breaches and violation of laws anonymously if an attorney is representing them.
Interested individuals can visit Whistleblower Representation Practice’s website to enlighten themselves on the SEC Whistleblower Program and probably submit their cases for evaluation. The first case evaluation and consultation is offered free of charge. In addition, all the cases electronically submitted to the website are confidential. Additionally, an attorney-customer privilege protects all the issues discussed between a client and the representation team.
Learn more about SEC Whistleblower Lawyers