August 25, 2026
False Claims Act Lawyer Representing Whistleblowers in Qui Tam Lawsuits
A record 979 qui tam lawsuits were filed in fiscal year 2024. Each one started with a person who had evidence of fraud against the federal government and decided to act. Our team at SEC Whistleblower Advocates represents the bold individuals behind every filing, from the confidential consultation, through the sealed investigation, to the final...
Articles & Perspectives
August 25, 2026
SEC Fraud Whistleblower Awards, Protections, and the Reporting Process
In fiscal year 2024, the Securities and Exchange Commission received a record 24,980 whistleblower tips and awarded more than $255 million to 47 individuals. The largest payout that year was approximately $98 million, split between two whistleblowers. Numbers like that explain why more people are coming forward every year. An SEC fraud whistleblower with credible,...
Articles & Perspectives
August 25, 2026
SEC Whistleblower Protections Every Insider Should Know Before Filing a Tip
Reporting securities violations to the SEC is a protected act under federal law. The Dodd-Frank Act guarantees it. Rule 21F-17 enforces it. And in over 20 enforcement actions since 2015, the SEC has proven it will go after companies that try to interfere with a whistleblower’s right to report. SEC whistleblower protections cover retaliation, anonymous...
Articles & Perspectives
August 25, 2026
Benefits of Whistleblowing: From Fraud Detection to Financial Rewards
The benefits of whistleblowing go beyond money. Reporting misconduct builds a speak-up culture, protects employees from unsafe and unethical behavior, and helps companies avoid painful losses in fines, lawsuits, and reputational damage. Key Takeaways Companies with whistleblowing channels detect fraud roughly six months faster and cut losses by up to half. A strong whistleblower policy...
Articles & Perspectives
August 25, 2026
The Most Famous Whistleblowers in US History
Real stories of people who blew the whistle on Wall Street fraud, government corruption, and corporate crime, and how their courage created the whistleblower protection laws still used today. SUMMARY Famous SEC whistleblowers and the broader history of American whistleblowing share one thing in common: ordinary people choosing honesty over silence, even when the personal...
Articles & Perspectives
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