New York’s Top Cop Wants to Pay and Protect Whistle-Blowers

The New York attorney general is seeking to build support among New York lawmakers for his proposal, which would allow for rewards if information from whistleblowers leads to penalties and fines of more than $1 million.

“This is a very strong endorsement of the SEC’s program, and more cops on the Wall Street beat can only help investors,” said Jordan A. Thomas, a former SEC lawyer who’s now a partner at [Jordan Thomas][prior firm][‘s] in New York. “The proposed law will allow the New York attorney general to be more effective and efficient in protecting investors in New York and around the country.”