LANDMARK LAWSUIT FILED AGAINST SEC TO PROTECT ALL WHISTLEBLOWERS

News & Insights

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.

Search

First Ever Whistleblower Retaliation Case Brought by SEC

In a landmark whistleblower action, the Securities and Exchange Commission awarded the highest possible financial bounty to a [Jordan Thomas][prior firm][‘s] client, a hedge fund employee who reported securities violations to the Commission. Following the SEC’s investigation, Paradigm Capital Management paid $2.2 million to settle allegations that it had engaged in prohibited principal transactions designed...

SEC Fines Firm for Punishing a Whistle-Blower

Crain's New York Business

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...

SEC Accuses Firm of Whistleblower Retaliation

Paradigm Capital Management and CEO, Candace King Weir, agreed to pay more than $2.18 million to settle the SEC’s charges of securities violations. Jordan A. Thomas represented the anonymous whistleblower who was instrumental in bringing these violations to the SEC’s attention. “Each time the SEC has issued a whistleblower award, awareness of the program has...

Paradigm Settles With SEC in Whistleblower Case

The Wall Street Journal

Jordan A. Thomas represented the anonymous whistleblower who was instrumental in bringing the securities violations of Paradigm Capital Management to the SEC’s attention. The SEC’s case against Paradigm resulted in a $2.2 million settlement. “These types of securities violations are often difficult for the SEC to detect and prosecute without a source on the inside-that’s...

BNP Keeps Investors Guessing About U.S. Sanctions Penalty

Bloomberg Business Week

BNP Paribas SA (BNP) has given investors scant information about how much it expects to pay to settle a criminal probe of U.S. sanctions violations. The bank told shareholders at an annual meeting on May 14 that the settlement could be significantly more than the $1.1 billion it had set aside for the case. On...

SEC Settles $2.2 Million Enforcement Action Following Whistleblower Complaint by [Jordan Thomas][Prior Firm] Client

Today, the SEC charged the Albany-based investment advisory firm Paradigm Capital and its owner, Candace Weir, with violating the federal securities laws by engaging in prohibited and undisclosed principal transactions on at least 83 separate occasions, among other charges. Paradigm and Weir agreed to pay total sanctions of approximately $2.2 million to settle the charges. The SEC...

Articles & Perspectives

SEC Announces New Whistleblower Award

Labaton Sucharow

The SEC announced yesterday that it will pay two whistleblowers an award of $875,000 for their reporting of original information that led to a successful SEC enforcement action. The total award, which will be split equally between the two whistleblowers, represents 30% of the sanctions collected by the SEC in the case – the maximum percentage award...

Articles & Perspectives

AlixPartners Annual Global Anti-Corruption Survey

Reports & Surveys

Wall Street Whistleblowers – The High Price of Taking a Stand; William D. Cohan on Wall Street Whistleblowers

Financial Times Weekend Magazine

Jordan Thomas believes the fact that Dodd-Frank allows anonymity for whistleblowers facilitates the reporting of wrongdoing while offering them protection from retaliation, which is the point after all. “Essentially most whistleblower horror stories start with retaliation,” he says. “And to be retaliated against, you have to be known. The genius of Dodd-Frank was it created...

[Jordan Thomas][Prior Firm][‘s] Client Profiled in Financial Times

One of the first pieces of advice we give to any prospective client is that while being a whistleblower can be rewarding in many ways, it’s not always easy or glamorous. To the contrary, being a whistleblower can present significant personal and professional challenges, as an article published in this week’s Financial Times Weekend Magazine highlights. The...

Articles & Perspectives

Another Win For Whistleblowers: Court Allows Retaliation Claims Based on Internal Reporting

Labaton Sucharow

One of the most important outstanding questions for SEC whistleblowers and their counsel is whether a whistleblower must report possible securities violations to the SEC to trigger Dodd-Frank’s anti-retaliation provisions. Is it enough for a whistleblower to internally report concerns to his or her company, or does only external reporting to the Commission give rise...

Articles & Perspectives

What’s the Harm of Corporate Scandals?

Labaton Sucharow

In our experience, one of the primary reasons that whistleblowers come forward to report possible securities violations (and the reason that many attorneys like us chose to devote our professional lives to representing whistleblowers) is concern about the harm that financial misconduct causes. In some cases, this harm is easy to perceive and measure: shareholders...

Articles & Perspectives

Previous
1
…
13
14
15
16
17
18
19
…
39
Next

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

Thank you for submitting some email to us.