Ricardo Tosto: A Commercial Litigator Who Stands Out in Brazil’s Crowded Legal Sector

Known for its monumental number of law schools, Brazil had 1,024 law schools in 2007, compared to just 180 in the United States for the same year. Once a person graduates from law program in Brazil, which typically takes five years, he or she must pass the challenging bar examination before beginning their career. Once a new lawyer passes the bar examination, he or may practice in any Brazilian state, in any specialty that they choose.

While Brazil’s practice of not requiring lawyers to prove their proficiency in their specialty makes it challenging for people seeking a lawyer, several major law firms stand out in their area of expertise. Astute lawyers frequently take additional classes to improve their knowledge of their client’s industry.

While prominent lawyer Ricardo Tosto graduated from Mackenzie University with his degree in law, he took a business administration extension course as well, since his firm,

Leite, Tosto e Barros primarily serves corporate clients and political figures. Ricardo Tosto, one of the law firm’s founders, specializes in commercial litigation, while other attorneys at the firm have their own specialties. Recently, Ricardo Tostoa commented on Law 13,303, which primarily affects state-owned enterprises and how they solicit bids and award contracts. He also points out that the law directly affects contractors who work for state companies. Frequently sought after by the media for a quote or commentary, Ricardo Tosto has the ability to explain even the most complex legal issues in a straightforward way, which is why he often speaks on behalf of his firm.

In early 2017, Leite, Tosto e Barros and founders Ricardo Tosto and Zanon de Paula Barros celebrated 25 years of outstanding performance. The celebration also included the firm’s and Tostos’ recommendation from Latin Lawyer 250 as excellent litigation attorneys for the 10th consecutive year.

The Dodd-Frank Wall Street Reform Has Been Created To Protect Whistleblowers In The SEC

A qualified Security Exchange Commission (SEC) attorney will have experience with this very complex law. Labaton Sucharow was one of the first attorneys in the industry to devote his entire practice to fighting for the rights for a whistleblower. A SEC Whistleblower lawyer is trained in the laws of the SEC and can get clients the compensation that they deserve because they aided in a prosecution or need to protect their job rights. Often times, once information is reported to the appropriate authorities a whistleblower is in jeopardy for losing their job or they experience some type of retaliation that can be corrected with the proper attorney.

When a whistleblower decides to break their silence they can save the SEC millions of dollars in fees, time, and resources. For this reason, the courts have mandated that any whistleblower that assists the SEC in recovering one million dollars or more is entitled to up to 10-30% of the money that is collected from the courts. SEC laws require more than just an employment attorney. Moreover, any other agency that decides to enforce the laws and collects additional money is expected to compensate the whistleblower that aided in the prosecution of the SEC law violator with their information. Learn more: http://www.secwhistlebloweradvocate.com/program/program-overview

The Dodd-Frank Street Wall Street Reform was enacted to ensure that whistleblower’s rights are being protected. Again, a SEC Whistleblower attorney is experienced in this unique structure of SEC laws. This is a fairly new law that takes experience and someone that has the competency to dig deep into the SEC laws to benefit the whisteblower. These incentives were created to encourage SEC employees to speak out against fraud. A whistleblower attorney, the whistleblower, and the laws are meant to put the trust back into the public with the insecurities of the economic financial market.

In fact, a SEC attorney can help clients maintain their confidentiality. The only way to remain private is to hire an attorney. You should never try to fight the SEC on your own. A lawyer can offer you a free consultation and determine if you have valid case or not. They can sit down with you before you decide to report the information and give you insight on where you stand. They also provide assistance with international whistleblowers by providing them with a translator. If you think that you have information on a SEC violation you should contact a SEC attorney right away and remember that you’re protected under client-attorney privilege.

SEC Whistleblower Attorneys are Here to Help

Not everything illegal will involve brawl and weapons. Some will involve legal violations, fraud, and corruption. That is why on 21st July 2010, the Dodd-Frank Wall Street Reform and Consumer Protection Act were put into place. The Act contains whistleblower provisions that increase awards and protections to individuals assisting the Securities and Exchange Commission in enforcing the securities laws and regulations. Whistleblowers are people who either alone or jointly with others, gives information to the SEC relating to the violation of the securities laws, that has happened, ongoing, or about to happen.

Bounties and Increased Eligibility Whistleblower are now available for securities law violations by both private and public companies for any judicial or administrative action brought by the SEC under the securities laws where the resulting monetary sanctions exceed $1,000,000. Whistleblowers are entitled to receive bounties of a minimum of 10% and a maximum of 30%. The Whistleblower’s Act establishes new bounties and protections for whistleblowers who report violations of the securities laws which could happen in government offices, formal organizations, and corporations. It is essential for them to report such illegal activities for the purpose of punishing the people who do illegal business, promoting honesty, and preventing public danger. Though, it is not easy to capture the white collar criminals who could have performed the act.

People would have qualms in giving information as they would fear job loss, discrimination, or retaliation. The whistleblowers Act prevent these things by setting up laws governing and protecting them. These encourage people to submit information anonymously, and it helps to minimize the potential for career harm thus helping the insiders who have access to critical information come out. For the whistleblower that opts to give out information anonymously, the Act requires him to obtain counsel, who can submit the information on the whistleblower’s behalf.

Dodd-Frank provides significant protections to whistleblowers against retaliation. Specifically, the employer may not demote, discharge, threaten, suspend or in any manner discriminate against a whistleblower for a legal reporting. In fact, any event that an employer retaliates against a whistleblower, the Act provides a substantial relief like double payback, reinstatement, and proper compensation for the related litigation cost and reasonable attorneys’ fees.

Indeed the work of the SEC Whistleblower lawyer is remarkable and beneficial to all companies and the world as a whole. It reduces the fraud rates by making sure that ethics and dignity are maintained in all spheres of the economy. Hence, the establishment of the Act and the huge emphasis on their protection is recommendable.