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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Companies Ignore Whistleblowers at Their Peril

Financial Times

The U.S. Securities and Exchange Commission last month brought its first ever whistleblower retaliation case against Paradigm Capital Management. The hedge fund paid $2.2 million to settle allegations that it demoted its head trader after he reported potential illegal trading to the commission. Jordan Thomas, a former SEC official and the attorney who represented the...

Whistleblowers Get His Attention

Crain's New York Business

Q. Why do you choose to represent corporate whistleblowers? A. I’ve always identified with the underdog. I grew up in modest means in Los Angeles, moved around quite a bit when I was young and grew up fast. Whistleblowers are seen as pariahs, yet they’re trying to report potential wrongdoing, which is important. They need...

$8.9 Billion BNP Guilty Plea Shows Power of Whistleblowers

Labaton Sucharow

The Department of Justice resolved another massive criminal investigation yesterday, as French banking giant BNP Paribas pled guilty to willfully evading U.S. embargoes on Iran, Sudan and Cuba. BNP agreed to pay an $8.9 billion fine, one of the largest in U.S. history, and admitted that it had taken steps to conceal the true nature of the...

Articles & Perspectives

Whistleblowers are Increasing on Wall Street

This year has marked a turning point for regulatory action against the country’s largest financial institutions, with federal and state agencies moving beyond the misdeeds of the 2008 financial crisis and devoting attention to other fraudulent schemes, including money‐laundering, taxdodging and predatory trading. That’s because frustrated Wall Street workers — emboldened by a beefed‐up whistleblower...

Workplace Secrecy Agreements Appear to Violate Federal Whistleblower Laws

The Washington Post

“Corporate America is becoming far more sophisticated and aggressive in its efforts to discourage people from coming forward and reporting externally,” said Jordan A. Thomas, who helped to establish the SEC’s whistleblower office as an assistant director there and now works for a New York law firm.

Hedge Fund Settles U.S. SEC Case Over Whistleblower Retaliation

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...

Hedge Fund Paradigm Slapped For Demoting Whistleblower

FINalternatives

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...

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...

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

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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...

SEC Whistleblower Program

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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