May 7, 2012
Corporate Executives Concerned About Whistleblowers, Survey Finds
Labaton Sucharow
An October 2011 survey by law firm Littler Mendelson indicated that 96% of executives surveyed are at least moderately concerned about potential whistleblower claims against their companies in light of the Securities and Exchange Commission’s (SEC) new whistleblower program. The firm’s survey of senior legal, compliance and human resources executives at publicly traded or highly-regulated...
Articles & Perspectives
May 3, 2012
SEC Criticized Over Revelation of a Whistleblower’s Identity
Labaton Sucharow
The Securities and Exchange Commission (SEC), having faced significant criticism in recent years, was dealt another PR blow in a recent Wall Street Journal article reporting the agency’s “inadvertent” outing of an SEC whistleblower. According to the article, the disclosure occurred during an investigation of Pipeline Trading Systems LLC, when an SEC lawyer shared the...
Articles & Perspectives
May 1, 2012
Blowing the Whistle Without Fear
Accounting Today
Jordan Thomas co-authored an article for Accouting Today, informing accountants on how they can participate in the SEC Whistleblower Program without fear of retaliation.
Articles & Perspectives
April 30, 2012
The Power of One: The Goldman Lesson
Labaton Sucharow
Whether you’re a Facebooker, Twitter is your information on-ramp of choice, or you still hold stubbornly to good old-fashioned newsprint, chances are, on March 14 you heard about “The Goldman Resignation.” Greg Smith’s stunningly public resignation through a New York Times op-ed certainly was one for the record books. Indeed, Smith was probably still bubble-wrapping...
Articles & Perspectives
April 11, 2012
Approaching Attorney Whistleblowing Post Dodd-Frank
Law360
Jordan A. Thomas co-authored an article for Law360, discussing the ability of in-house counsel to report securities violations following Dodd-Frank. Co-authors Jordan A. Thomas and Professor Bruce Green of Fordham Law School address the complicated question of how an in-house counsel can blow the whistle. The SEC’s whistleblower program provides incentives and protections for informants,...
Articles & Perspectives
March 31, 2012
Combating Misconduct
The American Lawyer Supplement: Compliance
Jordan A. Thomas wrote an article for the Spring 2012 issue of The American Lawyer Supplement: Compliance, discussing how corporation can create a strong ethical culture and get away from the inadequacies of traditional compliance programs. In this article, Jordan A. Thomas discusses the necessary components in creating and sustaining a strong ethical corporate culture....
Articles & Perspectives
March 21, 2012
Challenges & Opportunities for the Asset Management Industry Following Dodd-Frank
Labaton Sucharow
Last evening, I had the pleasure of participating in a panel discussion at the historic New York Stock Exchange. The discussion was part of a speaker series hosted by TAAAPS—The Association for Alternative Asset Professionals—with all proceeds being donated to charity. I was joined on the panel by Joseph Mecane, Executive Vice President at NYSE...
Articles & Perspectives
February 20, 2012
Why Recent Reforms Are Good For Business
Labaton Sucharow
News 12 Connecticut sat down with Jordan Thomas early this year to discuss the SEC Whistleblower Program recently enacted under Dodd-Frank. The reforms carry heightened interest in regions that are home to large numbers of major corporate and financial services entities. Connecticut, specifically, has a high concentration of hedge funds, which Thomas explained face heightened...
Articles & Perspectives
January 28, 2012
National Business Ethics Survey Results – Signs of Hope, Also Causes for Concern
Labaton Sucharow
In January, the Ethics Resource Center (ERC) released its biennial National Business Ethics Survey (NBES), widely recognized as a definitive measure of workplace ethics. A number of the key findings were positive. For instance, the survey found that 45% of respondents had witnessed workplace misconduct, a drop from 49% in 2009. Set against the degree...
Articles & Perspectives
January 19, 2012
Will New Whistleblower Program Really Help SEC Investigations?
Labaton Sucharow
“It’s a new SEC,” Jordan Thomas told Fox Business News in January, characterizing the agency’s renewed commitment and enhanced law enforcement capabilities under its new whistleblower program. With the significant employment protections and the possibility for substantial monetary awards, whistleblowers have new reasons to provide the SEC and other enforcement bodies with early and invaluable...
Articles & Perspectives
December 7, 2011
The SEC Whistleblower Program’s Encouraging Beginning
Labaton Sucharow
I was recently interviewed on Bloomberg TV to discuss the Securities and Exchange Commission’s (SEC) new program, enacted under Dodd-Frank, and the recently released Annual Report on the Whistleblower Program. The full interview can be seen here. As I discuss in the interview, in the seven weeks since the program went live to the end...
Articles & Perspectives
December 2, 2011
New Weapon in Combating FCPA Violations
Labaton Sucharow
Over at Tom Fox’s FCPA Compliance and Ethics Blog, I recently authored a guest post examining the new – and revolutionary – Securities and Exchange Commission’s (SEC) Whistleblower Program, enacted under Dodd-Frank, and its impact on Foreign Corrupt Practices Act (FCPA) enforcement. As I point out in that piece, a qualified whistleblower can receive a...
Articles & Perspectives