January 4, 2022
Ex-Labaton Team Forms Firm For SEC Whistleblowers
For Law360, Sue Reisinger reports on the new law firm established by Jordan Thomas and colleagues, SEC Whistleblower Advocates PLLC – the nation’s first devoted exclusively to representing whistleblowers. In addition to Jordan, who was a principal architect of the SEC’s whistleblower program during his time there, the firm also boasts four other former senior-level...
Articles & Perspectives
November 15, 2021
Telework Emboldens Tipsters
Jordan Thomas, prominent whistleblower attorney and former SEC official who helped set up the agency’s whistleblower program a decade ago, was tapped for his perspective on the current state of the program by Matt Robinson and Benjamin Bain in a Bloomberg article published on November 15, 2021. For its fiscal year ended September 30, 2021,...
Articles & Perspectives
August 5, 2021
SEC Whistleblower Actions Create Agency Rift, Halt Lawsuit
Law360
On August 5, 2021, reporter Al Barbarino released a follow-up article on Law360.com about the SEC’s approach to two rules amendments enacted late last year. Earlier in the week, Mr. Barbarino reported on a statement released by SEC Chairman Gary Gensler revealing that he had directed agency staff to prepare revisions to the amendments for...
Articles & Perspectives
August 2, 2021
SEC to Review Controversial Whistleblower Rule Changes
Law360
In a sign that the SEC has started to hear the chorus of concerns about two rules amendments enacted late last year that disincentivize would-be whistleblowers, the Commission announced on August 2, 2021 its intent to potentially revise them. As reported by Al Barbarino on Law360.com, SEC Chairman Gary Gensler released a statement that he...
Articles & Perspectives
July 7, 2021
Former Enron Executive: SEC Whistleblower Program Is a Game Changer
The Wall Street Journal
Jordan Thomas was tapped for his perspective in a July 7, 2021 Wall Street Journal article by Mengqi Sun. The article is a profile on Sherron Watkins, the former Enron executive who blew the whistle on the now-defunct energy giant for its use of complicated off-balance-sheet vehicles to conceal hundreds of millions of dollars in...
Articles & Perspectives
June 27, 2021
Bankruptcy Process Affects Whistleblower’s Big Payout
On June 27, 2021, the Wall Street Journal published an exposé by Mark Maremont on how a successful whistleblower under the U.S. Securities and Exchange Commission’s (“SEC”) program could still walk away with nothing. Jordan Thomas was quoted on the matter. The article discussed the case of John McPherson and his whistleblowing about a company...
Articles & Perspectives
June 21, 2021
What It’s Like to be a Wall Street Whistleblower
On June 21, 2021, Jordan Thomas was one of several whistleblower attorneys to comment in an in-depth Institutional Investor article by Leah McGrath Goodman entitled “What It’s Really Like to Be a Wall Street Whistleblower.” The article centers on the story of Eugene Ross, a former Bear Stearns broker with celebrity clients including Lily Cates....
Articles & Perspectives
April 16, 2021
Departing Chief Says SEC Whistleblower Program Shows Value of Speaking Up
The Wall Street Journal
Jordan Thomas was quoted in an April 16, 2021 Wall Street Journal article about the departure of Jane Norberg, Esq. from her position as Chief of the SEC’s Office of the Whistleblower. It was announced on April 8 that she would be leaving, and the article states that “[h]er last day was Friday.” In an...
Articles & Perspectives
April 1, 2021
Dems may warm to principles-based rules
Regulatory Compliance Watch
Jordan Thomas’ recent lawsuit to protect whistleblowers is discussed in an April 1, 2021 article focused on the effects of politics in SEC rulemaking. The article, written by Bill Myers, says that Jordan’s lawsuit may be a “hard case [that] play[s] out in front of us” reflecting on whether Democrats will seek to repeal so-called...
Articles & Perspectives
March 29, 2021
The Rise of Whistleblower Lawsuits, Where Tipsters Make Millions
Business Insider
Jordan Thomas was tapped for his perspective about whistleblowers in a March 29, 2021 article by Samantha Lee on BusinessInsider.com. The article is not focused on any particular whistleblower program and discusses qui tam lawsuits under the False Claims Act as well as the relatively recently-developed programs of the IRS, SEC and CFTC. Jordan made...
Articles & Perspectives
February 17, 2021
Mortgage banker’s failed appeal sheds light on opaque SEC bounty process
Reuters
Jordan Thomas was quoted in a Reuters article by Alison Frankel published on Feb. 17, 2021. Along with another prominent whistleblower attorney, Jordan provided information concerning whistleblower appeals of SEC award determinations. He observed that litigated appeals are exceedingly rare, and that he had no awareness of such litigation ever being successful for a whistleblower....
Articles & Perspectives
January 31, 2021
Former SEC employee sues to halt whistleblower program changes
POLITICO Pro
Politico ran an article on January 13, 2021 by Kellie Mejdrich discussing an injunctive action brought by Jordan Thomas in the U.S. District Court, Washington D.C. against recent SEC rule changes. Jordan was quoted as describing the rule changes as illegal under the Administrative Procedure Act and “a major step backwards.” The article highlights Jordan’s...
Articles & Perspectives