LANDMARK LAWSUIT FILED AGAINST SEC TO PROTECT ALL WHISTLEBLOWERS

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Thought leadership isn't something that we periodically do, it's a fundamental part of our organizational DNA. We have always felt it was our duty to speak out against corporate wrongdoing and to speak up for whistleblowers. So when it comes to the SEC Whistleblower Program, we write, speak, tweet, post, moderate and educate more than any other firm in the world.

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Coalition Presses SEC on Whistleblower Rules

The Wall Street Journal

[Jordan Thomas][prior firm][‘s] and the Government Accountability Project formed a petition requesting that the SEC improve prohibitions on certain employment agreements and publicly clarify how protection from retaliation works for whistleblowers. The petition is a reaction to some of the “egregious and aggressive” tactics firms have taken in recent years in response to the program,...

Wall Street’s New Enforcers Aim to Muzzle Whistle-Blowers

The New York Times

Articles & Perspectives

SEC Urged to Restrict Employee Nondisclosure Agreements

The Washington Post

A coalition of whistleblower lawyers and government watchdog groups Friday urged the Securities and Exchange Commission to bar companies from using overly restrictive nondisclosure agreements that discourage employees from coming forward with allegations of fraud and abuse. The coalition of 250 organizations said the rights of employees to report wrongdoing without retaliation are under attack...

SEC Enforcement Passes Midterms, but Big Tests Lie Ahead

Despite earning an “above average” grade by experts, the Securities and Exchange Commission continues to face challenges in bringing cases against companies for unlawful conduct. “The success of the SEC in the last six months has been driven heavily by the specialized units,” said Jordan Thomas, Firm partner and former SEC enforcement official.

Companies Ignore Whistleblowers at Their Peril

Financial Times

The U.S. Securities and Exchange Commission last month brought its first ever whistleblower retaliation case against Paradigm Capital Management. The hedge fund paid $2.2 million to settle allegations that it demoted its head trader after he reported potential illegal trading to the commission. Jordan Thomas, a former SEC official and the attorney who represented the...

Whistleblowers Get His Attention

Crain's New York Business

Q. Why do you choose to represent corporate whistleblowers? A. I’ve always identified with the underdog. I grew up in modest means in Los Angeles, moved around quite a bit when I was young and grew up fast. Whistleblowers are seen as pariahs, yet they’re trying to report potential wrongdoing, which is important. They need...

$8.9 Billion BNP Guilty Plea Shows Power of Whistleblowers

Labaton Sucharow

The Department of Justice resolved another massive criminal investigation yesterday, as French banking giant BNP Paribas pled guilty to willfully evading U.S. embargoes on Iran, Sudan and Cuba. BNP agreed to pay an $8.9 billion fine, one of the largest in U.S. history, and admitted that it had taken steps to conceal the true nature of the...

Articles & Perspectives

Achievements, Challenges and Change: The SEC Whistleblower Program Year in Review

Reports & Surveys

Whistleblowers are Increasing on Wall Street

This year has marked a turning point for regulatory action against the country’s largest financial institutions, with federal and state agencies moving beyond the misdeeds of the 2008 financial crisis and devoting attention to other fraudulent schemes, including money‐laundering, taxdodging and predatory trading. That’s because frustrated Wall Street workers — emboldened by a beefed‐up whistleblower...

Workplace Secrecy Agreements Appear to Violate Federal Whistleblower Laws

The Washington Post

“Corporate America is becoming far more sophisticated and aggressive in its efforts to discourage people from coming forward and reporting externally,” said Jordan A. Thomas, who helped to establish the SEC’s whistleblower office as an assistant director there and now works for a New York law firm.

Hedge Fund Settles U.S. SEC Case Over Whistleblower Retaliation

Albany, New York-based Paradigm Capital Management has become the first firm sanctioned by the Securities and Exchange Commission (SEC) for retaliating against a whistleblower. Paradigm settled those allegations and those stemming from the whistleblower’s report to the SEC, that it had engaged in prohibited principal transactions designed to reduce investors’ tax liability. The firm agreed...

Hedge Fund Paradigm Slapped For Demoting Whistleblower

FINalternatives

Albany, New York-based Paradigm Capital Management has become the first firm sanctioned by the Securities and Exchange Commission (SEC) for retaliating against a whistleblower. Paradigm settled those allegations and those stemming from the whistleblower’s report to the SEC, that it had engaged in prohibited principal transactions designed to reduce investors’ tax liability. The firm agreed...

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Featured

Whistleblowers Represented by Jordan Thomas Earn Largest SEC Whistleblower Awards in History

New York, NY (March 19, 2018) – The Securities and Exchange Commission today announced that it will award a group of whistleblowers more than $83 million, the largest awards announced since the SEC Whistleblower Program was established seven years ago. Represented by Jordan Thomas, the whistleblowers’ tips led to a landmark enforcement action that resulted in Merrill...

Once an SEC Regulator, Now Thriving as a Lawyer for Whistleblowers

The New York Times

In a profile piece published in The New York Times, Whistleblower Practice Chair Jordan A. Thomas talks about his decision to travel “the road not taken,” and how it has benefited those in difficult professional positions. After dealing with a traumatic upbringing and seeking emancipation from his parents at the age of 15, Thomas went...

2019 Half-Time Report
The SEC Whistleblower Program: Where Wall Street Answers to Main Street

We are pleased to bring our clients and friends a midyear report to highlight key awards, trends and issues of import in the SEC whistleblower arena. It’s an exciting time for whistleblowers, and, by extension, investors at large. Since the program’s roll-out, the Commission has received nearly 30,000 tips from 119 countries. Most remarkable, as...

Articles & Perspectives

NPR Features Jordan Thomas on Planet Money Podcast, “The Whistleblower Whisperer”

NPR Planet Money

Leading SEC whistleblower attorney Jordan Thomas was featured on NPR’s Planet Money podcast. In the episode “The Whistleblower Whisperer,” Jordan tells Planet Money co-host Jacob Goldstein about his work representing whistleblowers who provided evidence to the SEC that led to landmark enforcement actions against Wall Street’s biggest banks, including Merrill Lynch and JP Morgan. Jordan also...

October 5, 2018

Jordan A. Thomas Named Whistleblower “Lawyer of the Year”

New York, NY – October 5, 2018 – [Jordan Thomas][prior firm][‘s] is pleased to announce that its leading SEC whistleblower attorney Jordan A. Thomas, a principal architect of the SEC Whistleblower Program who established the nation’s first law practice exclusively focused on SEC whistleblowers, has been named a 2018 “Lawyer of the Year” by the Taxpayers...

Named one of the top whistleblower practices/attorneys in the country by The New York Times, Wall Street Journal, NPR and The New Yorker

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