Ricardo Tosto Discusses the Peculiarities of Law as a Career in Brazil

Ricardo Tosto is a prominent litigation expert and legal entrepreneur who has more than two decades of exposure to the Brazilian law sector. He recently spoke about the peculiarities of law as a career in Brazil as he wanted to help thousands of Brazilian students who pursue their career in the legal sector. Tosto says that Brazil stands third when counting the total number of lawyers in the country per a 2010 study, behind India and the United States. He says that it is due to a large number of law schools in the country, and there are almost 1,240 law graduation courses in Brazil per a data released by CNJ or National Council of Justice in 2010.

Ricardo Tosto also adds that the country has nearly 800,000 lawyers who passed the bar association examination. While calculating the total number of professionals in the legal sector, including the students who are pursuing their education in law, it accounts for nearly three million in numbers.Due to a large number of law schools and varied courses, the Ministry of Education declared in 2014 that it would perform inspections on courses which are offered by the universities to ensure that all of them are meeting the basic criteria of legal education. Ricardo Tosto continued that the Brazilian Bar Council, the Order of Attorneys of Brazil, established in the year 1930.

The association conducts bar examinations for the qualified law graduates three times in a year: December, March, and August. The examination is a two-phase process with a multiple choice preliminary test and a detailed written test.Ricardo Tosto started his professional life in 1991 by becoming the founding partner of the law practicing firm, Leite, Tosto e Barros Advogados. His hard work and commitment helped the company to grow as a reputed attorney service and litigation firm in the country.Tosto has served as the attorney to major politicians of the country, NGOs, multinational corporations, and more. He completed his graduation in Law from reputed Mackenzie Presbyterian University. Apart from that, Ricardo Tosto also earned a Master’s in Business Administration from the renowned Armando Alvares Penteado Foundation.

February 18, 2018

Posted In: Attorneys, Entrepreneurs

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Record-Breaking Whistleblower Award is Reported

A record sum has been awarded to an unknown-to-the-public whistleblower. A client of the law firm Labaton Sucharow has been named as recipient of the second-largest whistleblower award in United States history. The amount of the award is in the $17 million range. $17 million is an enormous amount to issue for a report on wrongdoing, and the amount likely is well-earned. Reports of wrongdoing are needed in order to put a stop to such behavior.

Without the help of whistleblowers, the financial world would be like a lawless wild west town. No order exists and rules and regulations become optional.

The Securities Exchange Commission (SEC) is tasked with overseeing a tremendous number of rules and regulations. One would think with all the laws on the books, people in the financial industry would be more honest. The penalties for violating the various laws are serious. Violations occur because they are hidden out of plain sight. Not very many people are privy to actions such as securities fraud, insider trading, bribery, and more. It is not as if those who violate such laws broadcast their actions. Since so few know what is going on, the SEC cannot act to sanction those who committed illegal actions.

This is where whistleblowers can step up and do a good service on behalf of the SEC and for their fellow citizens. The SEC points out several of the reasons why whistleblowers are so important. When illegal violations of the law occur, honest and innocent investors end up being hurt. Some may end up losing their retirement or other savings due to criminal dishonesty.

The SEC also points out, correctly, it is necessary that the public maintains a good perception of the United States’ capital markets. Assumptions that the system is corrupt or rigged does not help maintain harmony among the population.

Whistleblower protections were written into law through the famous Dodd-Frank legislation. The law also includes provisions for whistleblower rewards, rewards that might come in monumental amounts. Those wondering how they can come forward and reveal wrongdoing should discuss such things with an experienced SEC whistleblower attorney.

October 5, 2016

Posted In: Attorneys