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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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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

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

The National Law Journal

Articles & Perspectives

Senator Grassley Announces the Creation of a Congressional Whistleblower Caucus

Labaton Sucharow

Last week, we provided an update on Senator Chuck Grassley’s (R-IA) efforts to strengthen the IRS Whistleblower Program and expedite the processing of IRS Whistleblower claims. Now, Senator Grassley – a longtime advocate for whistleblower rights – has announced a new plan to create a “Senate Whistleblower Protection Caucus,” to “help bring attention to the...

Articles & Perspectives

OIG Report Praises SEC Whistleblower Program

Labaton Sucharow

The internal watchdog for federal government agencies, including the SEC, is the Office of the Inspector General (“OIG”), which conducts audits and investigations of the SEC to “promote integrity, economy, efficiency, and effectiveness in the Commission’s programs and operations.” In keeping with this mission, the OIG has issued its first audit report on the SEC...

Articles & Perspectives

SEC Orders Show Importance of Complying with Whistleblower Program Rules

Labaton Sucharow

As reported in the Wall Street Journal, the SEC recently denied two individuals’ applications for whistleblower awards because they had not met the requirements of the SEC Whistleblower Program rules. In the first case, an anonymous woman claimed that she had provided information that helped the SEC build its sub-prime mortgage fraud case against several...

Articles & Perspectives

Senator Grassley Urges IRS to Strengthen Whistleblower Program

Labaton Sucharow

Both in our practice and on our blog, we typically focus on the SEC Whistleblower Program, which seeks actionable intelligence about possible violations of the federal securities laws. But, the SEC Whistleblower Program is only one of several federal programs that seek to leverage whistleblower information to detect and deter wrongdoing. One of the other...

Articles & Perspectives

SEC Announces Additional Payout to Whistleblower

Labaton Sucharow

The SEC announced on Friday that it made an additional payout of $150,000 to the recipient of the first monetary award under the SEC Whistleblower Program, after successfully collecting more sanctions from one of the defendants in the action. With that additional payout, the whistleblower – who is entitled to receive up to 30% of...

Articles & Perspectives

SEC Officials Provide Promising Reports on the SEC Whistleblower Program

Labaton Sucharow

One of the questions I’m most frequently asked by clients, other lawyers and friends is “what’s happening inside the SEC with respect to the whistleblower program?” Recently, several top SEC officials have provided insight onto this question – and their comments indicate that the SEC continues to see the SEC Whistleblower Program as a powerful...

Articles & Perspectives

High-Frequency Trading: Further Thoughts on the “Flash Boys” Debate

Labaton Sucharow

The firestorm sparked by Michael Lewis’ new book on high-frequency trading, Flash Boys, raged on this week, with both opponents and supporters of high-frequency trading entering the fray. In a heated debate on CNBC’s Power Lunch, Lewis and the founder of IEX – a new exchange designed to limit high-frequency trading – repeated the charge...

Articles & Perspectives

High-Frequency Trading: Whistleblower Aids Investigations

Labaton Sucharow

Posted April 2, 2014 The buzz on Wall Street this week has been all about high-frequency trading and Michael Lewis’ new book on the topic, Flash Boys. As Lewis explains, high-frequency trading typically works by exploiting a powerful combination of speed and information: high-frequency traders use sophisticated computer programs to see and analyze trade orders...

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...

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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