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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2014 Ethics and Compliance Hotline Benchmark Report

Reports & Surveys

‘Big Short’ Case Tests the Reach of the SEC’s Administrative Forum

Labaton Sucharow

Posted March 31, 2014 On March 21, Wing Chau – a subprime CDO manager who featured prominently in Michael Lewis’s best-selling book “The Big Short” – sued the SEC, claiming that the SEC violated his constitutional rights by choosing to bring its fraud claims against him in its own administrative forum, rather than in federal...

Articles & Perspectives

Why Do People Commit Securities Fraud? SEC Speech Probes for Answers

Labaton Sucharow

One of the most vexing questions in securities enforcement – and in life more generally – is “why do otherwise good people end up doing bad things?”. Why do once promising professionals risk their careers, integrity and freedom for a few more dollars, or to shore up their company’s stock price?These questions were recently the...

Articles & Perspectives

Madoff Verdicts Show the Risks of Staying Silent

Labaton Sucharow

After the revelation in 2008 that Bernard Madoff’s “wealth management” business was actually a colossal Ponzi scheme, Madoff’s victims and the public immediately asked: “Who else in the Madoff organization knew and, if they knew, why didn’t they come forward?” On Monday, that question was answered, at least in part, by a jury considering criminal...

Articles & Perspectives

Focus on the FCPA: SEC Enforcement Trends

Labaton Sucharow

This is the first in an ongoing series of posts focusing on current trends in SEC enforcement actions, and how those trends impact current and potential whistleblowers. We’ve chosen to highlight actions brought under the Foreign Corrupt Practices Act (“FCPA”) first, because the FCPA continues to be a top priority for the Enforcement Division and,...

Articles & Perspectives

INVESTOR ALERT: BEWARE OF FALSE CLAIMS OF SEC REGISTRATION

“The SEC’s Office of Investor Education and Advocacy is issuing this Investor Alert to warn investors about potentially fraudulent investment schemes that involve individuals or firms misrepresenting that they are registered with the SEC. Investors should be careful to check the background, including license and registration status, of any person who tries to sell them...

Ethics at Work: 2013 Survey Finds Positive Trends; Some Troubling Findings

Labaton Sucharow

Last month, the Ethics Resource Center (ERC) released its biennial National Business Ethics Survey (NBES). I was honored to serve on the NBES Advisory Panel this year, particularly given its reputation as a definitive barometer of workplace ethics. As we’ve seen in prior years, the survey shows some very positive trends as well as causes...

Articles & Perspectives

SEC Brings New Charges Against SAC Analyst, Highlighting Risks to Employees

Labaton Sucharow

On Thursday, the SEC announced another set of insider trading charges against an employee of CR Intrinsic, an affiliate of the now-infamous hedge fund advisor SAC Capital Advisors. According to the SEC complaint, CR Intrinsic analyst Ronald A. Dennis received multiple non-public tips about Dell, Inc. and Foundry Networks, Inc. from a friend, which he...

Articles & Perspectives

The SEC’s New Policy on Admissions: What Does It Mean for Whistleblowers?

Labaton Sucharow

When SEC Chair Mary Jo White took the reins of the agency last year, one of her first and most highly publicized initiatives was to re-examine the SEC’s policy on “no-admit, no-deny” settlements, meaning settlements in which the defendant neither admits nor denies liability for the alleged securities violations. Prior to Chair White’s tenure, the...

Articles & Perspectives

New Reports Suggest the SEC is Cracking Down on Confidentiality Agreements

Labaton Sucharow

In our practice as counsel for SEC whistleblowers, one of the troubling practices we frequently see on the part of companies is the use of confidentiality agreements that purport to prevent employees or former employees from sharing any information – including information about potential violations of law – with any outside parties, including the SEC...

Articles & Perspectives

The SEC’s Charges Against Former Dewey Executives: Securities Violations in Unexpected Places

Labaton Sucharow

Like many in the legal community, we’ve been closely following the ongoing saga of Dewey & LeBoeuf LLP- the once venerable international law firm that was forced to declare bankruptcy in May 2012 amid accusations of financial mismanagement. On Thursday, the SEC and the New York County District Attorney’s office brought respective civil and criminal...

Articles & Perspectives

Ex-Jefferies Trader Convicted of Fraud in U.S. Bond Probe

“This landmark case is likely to embolden prosecutors to be even more aggressive,” said Jordan Thomas, a partner at [prior firm] and former federal prosecutor. “Defendants awaiting trial, and individuals under investigation, will have to think twice about going the distance because of the government’s demonstrated skill in successfully bringing this type of case.” The...

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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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