DiCello Levitt Expands Whistleblower Practice With Preeminent SEC Whistleblower Team

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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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INVESTOR ALERT: MARIJUANA-RELATED INVESTMENTS

“The SEC’s Office of Investor Education and Advocacy is issuing this Investor Alert to warn investors about potential risks involving investments in marijuana-related companies.” This alert highlights to potential whistleblowers that while marijuana is becoming legalized in some areas and decriminalized in others, investing in marijuana related companies could still be a violation of securities...

SEC Wins Fraud and Insider Trading Trial Against Texas Investors

Labaton Sucharow

The SEC secured a major trial victory this week after a federal jury in Manhattan found Texas investors Sam and Charles Wyly liable for all fraud and insider trading claims brought by the agency. The SEC successfully proved that the brothers (the latter of whom died before the case was brought to trial) had constructed an elaborate system of...

Articles & Perspectives

Mutual Fund Fees and Expenses

“The SEC’s Office of Investor Education and Advocacy is issuing this Investor Bulletin to explain some of the most common mutual fund fees and expenses. As a general introduction to mutual fund fees and expenses, this Investor Bulletin does not identify all of the fees that you may pay to buy and own shares in...

Whistleblower Schemes Gain Support

The Globe Legal Post

According to The Global Legal Post, there has been a dramatic increase in the number of whistleblowers coming forward since the implementation of the Securities and Exchange Commission’s whistleblower program to help deter and detect fraud. “The programme has been a remarkable success story. One of the greatest fears for whistleblowers is the fear of...

Is it a Crime? What Happens When Whistleblowers Report Potentially Criminal Misconduct to the SEC

Labaton Sucharow

The SEC, although it wields enormous power in the securities markets, has a built-in limitation on its authority: it’s a civil law enforcement agency, meaning that it can charge and penalize wrongdoers for civil violations of the securities laws, but it can’t prosecute them for crimes or put them in jail. However, as SEC Chair...

Articles & Perspectives

Guest Post: The SEC Could Find New Uses for an Old Law

Financial Times

Articles & Perspectives

The SEC Could Find New Uses for an Old Law

Labaton Sucharow

One of the key messages from the SEC enforcement staff this year is that it intends to expand its enforcement arsenal, both by using newer laws and by finding innovative ways to use older laws. In a guest post published today on Financial Times’ Alphaville blog, I focus on two such provisions – Sections 20(a)...

Articles & Perspectives

Cybersecurity – Growing Technological Threats Raise New Issues for Investors and the SEC

Labaton Sucharow

In recent months, the Heartbleed bug and massive data breaches like those experienced by Target have drawn increased attention to cybersecurity, and the need to better protect the almost unfathomable amount of sensitive data stored electronically in the U.S. Although the securities laws may not always immediately come to mind when considering such high-tech threats,...

Articles & Perspectives

Financial Whistleblowing on the Rise in Europe

Labaton Sucharow

As we’ve noted in previous posts, the SEC Whistleblower Program has resulted in a sharp increase in the amount of actionable information provided to the agency, with more than 3000 whistleblower tips received in 2013 alone. Now, reports from the Europe and the United Kingdom – which have experienced their own rash of financial scandals in recent years...

Articles & Perspectives

Second Circuit Considers Bounds of Insider Trading Laws

Labaton Sucharow

n recent years, one of the top priorities for the SEC and the Department of Justice, which prosecutes criminal violations of the federal securities laws, has been cracking down on insider trading, particularly by hedge funds that use confidential information to gain an investing edge. As many recent cases – including the successful prosecution of...

Articles & Perspectives

Employers May Come to Regret Seeking Narrow Definition of “Whistleblower”

Labaton Sucharow

One of the most important unsettled legal questions for SEC whistleblowers and their counsel is whether the SEC Whistleblower Program’s anti-retaliation provisions apply to individuals who have reported misconduct internally, but have not yet blown the whistle to the SEC. We recently published an article in the National Law Journal on this issue, arguing that...

Articles & Perspectives

New SEC Task Force Fights Financial Fraud And Encourages Collaboration with Whistleblowers

Labaton Sucharow

Last month, I attended SEC Speaks, an annual conference in which the SEC’s leadership provides insight into the agency’s priorities, projects and plans for the future. One of the key initiatives highlighted this year was the SEC’s new Financial Reporting and Audit Task Force. Comprised of SEC lawyers and accountants from around the country, the...

Articles & Perspectives

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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...

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