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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A Victory Lap for the SEC

Labaton Sucharow

Last month, a jury sided with the SEC in a closely watched case, finding two stockbrokers liable for insider trading in connection with a $1.2 billion IBM acquisition. Though prosecutors had previously dropped the criminal case against the brokers, the SEC charged on, ending in an impressive court victory.The Commission is becoming expert at having—and...

Articles & Perspectives

Newly Introduced WARN Act Offers Whistleblowers Critical Support

Labaton Sucharow

Last week, Rep. Elijah E. Cummings (D-MD) and Senator Tammy Baldwin (D-WI) introduced the Whistleblower Augmented Reward and Non-Retaliation Act of 2016 (WARN Act), a groundbreaking legislation that would encourage corporate whistleblowers, particularly those in the banking sector to come forward with enhanced protections, providing a safe passage that the industry has never before seen....

Articles & Perspectives

Latest SEC Bounty To Attract Outside Whistleblowers

Jordan A. Thomas says latest SEC bounty is the first of many to attract whistleblowers Eric Scott Hunsader, who revealed himself as the tipster who gave the Securities and Exchange Commission (SEC) information it needed to bring its landmark 2012 enforcement action against the New York Stock Exchange, said he was surprised when the agency...

February 29, 2016

SEC Speaks 2016: Commission to Pursue Cases Involving Illegal Confidentiality Agreements

Labaton Sucharow

Earlier this month, at the SEC’s annual SEC Speaks conference, leaders of the Commission gathered to address a wide range of topics, including various plans to carry out the rulemaking agenda established under Dodd-Frank and the SEC’s efforts to uncover harmful practices in an increasingly complex market.Sharon Binger, Director of the SEC’s Philadelphia regional office, addressed the...

Articles & Perspectives

February 26, 2016

Regional Compliance and Ethics Conference

The Society of Corporate Compliance and Ethics will host its Regional Compliance and Ethics Conference in Boston, Massachusetts on Friday, February 26, 2016. Partner Jordan A. Thomas will speak on the topic, “Observations of a First Responder to Corporate Scandals,” where he will address the following: Latest survey findings about the nature and extent of...

January 20, 2016

New Report Offers Insights Into SEC Enforcement

Labaton Sucharow

Last week, Cornerstone Research released a new report, SEC Enforcement Activity Against Public Company Defendants, examining SEC actions initiated between fiscal years 2010 and 2015. Utilizing data from the SEC Enforcement Empirical Database, the report offers some detailed insights into SEC enforcement actions in recent years, such as: The number of enforcement actions continues to increase. In...

Articles & Perspectives

January 18, 2016

SEC Issues Milestone Whistleblower Award

Jordan Thomas said while the SEC has used information from people outside of a company previously—he cited the help the agency received from former securities executive and financial fraud investigator Harry Markopolos to pursue Bernard Madoff—the agency wasn’t issuing awards at that time. Still, he said this latest award marks a “milestone” for the SEC...

January 15, 2016

First Award Given to Company Outsider

The Wall Street Journal

In a first for the SEC whistleblower program, on January 15, 2016, the Commission announced a $700,000 award to a company outsider who provided analysis and support to the Commission, ultimately leading to a successful enforcement action. The landmark award underscores the broad reach of the program, which extends well beyond current and former employees...

January 15, 2016

FINRA Priorities Signal Important Shift in Industry

Labaton Sucharow

Last week, the Financial Industry Regulatory Authority (FINRA) released its regulatory and examination priorities for 2016. FINRA’s letter highlights five areas for examination at brokerage houses and financial advisory firms, including standards of ethical behavior, alignment of firm and customer interests, and the management of conflicts of interest. FINRA’s chairman also stated intentions to specifically examine the...

Articles & Perspectives

January 8, 2016

SEC settles with hedge fund billionaire Steven Cohen

The Washington Post

The settlement is a humbling end to one of the government’s most high-profile cases. The allegations against billionaire Steven A. Cohen weakened last year when prosecutors were forced to drop its case against former SAC Capital employee, Michael Steinberg. Steinberg, a longtime Cohen confidant, had been found guilty of trading on illegal tips involving technology...

January 7, 2016

The High Price of Secrets: The Whistleblower Revolution

Labaton Sucharow

Why the SEC Whistleblower Program Works March 20, 2020 Content has been updated In a recent piece on the FCPA Blog, I discuss how the SEC Whistleblower Program is revolutionizing the securities industry. The evidence is apparent in recent enforcement actions, such as a landmark case against JPMorgan announced just last month. The action, in which our client...

Articles & Perspectives

January 5, 2016

The Crucial Work Ahead: Building Ethical Corporate Cultures

Labaton Sucharow

In our ongoing work to protect individual whistleblowers and bring wrongdoing to light, we never lose sight of our fundamental goal: to help establish a culture in which corporations no longer retaliate against those who raise concerns about misconduct.I was reminded of the importance of communicating this goal while serving as a panelist at the...

Articles & Perspectives

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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