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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September 26, 2016

The SEC Whistleblower Program’s Quiet Success

Bank of America Corp.’s Merrill Lynch brokerage unit will pay $415 million and admit to wrongdoing to settle charges that it misused customer cash in the largest customer protection settlement in the United States in the Securities and Exchange Commission’s (SEC) history. A bank executive with the details of a complex trading scheme that inflated...

September 26, 2016

$4 Million Whistleblower Award Just a Start? Attorneys Say Yes

Jordan A. Thomas discusses how recent successful whistleblower tips allow the SEC to give more awards at a faster pace Bank of America Corp.’s Merrill Lynch brokerage unit will pay $415 million and admit to wrongdoing to settle charges that it misused customer cash in the largest customer protection settlement in the United States in...

September 23, 2016

Justice Department Launches a Full-Court Press on Misdeeds at Banks

Compliance Week

“The enforcement net has had a significant gap in the banking sector and this a step toward closing that gap,” says Jordan Thomas, a veteran of the Securities and Exchange Commission’s Enforcement Division who now heads the [Jordan Thomas][prior firm][‘s] whistleblower representation practice. “I get a lot of calls from people who are interested in...

September 19, 2016

Confusion Over Dodd-Frank Is Leaving Whistleblowers Exposed

Jordan A. Thomas opines on anti-retaliation measures for whistleblowers When the Dodd-Frank was assembled, language was instilled that protected whistleblowers like never before. Shortly after the Dodd-Frank was signed, a former GE Energy LLC executive, Khaled Asadi claimed he was demoted and then fired after internally reporting concerns that the company had violated the Foreign...

September 18, 2016

SEC Rewards Help Bring Forward the Whistleblowers

Financial Times

Jordan A. Thomas discusses how recent successful whistleblower tips allow the SEC to give more awards at a faster pace Bank of America Corp.’s Merrill Lynch brokerage unit will pay $415 million and admit to wrongdoing to settle charges that it misused customer cash in the largest customer protection settlement in the United States in...

September 14, 2016

Federal Prosecutors Launch Probe Into Wells Fargo’s Sales Tactics

The Washington Post

Jordan A. Thomas published op-ed in The New York Times and quoted in The Washington Post, Compliance Week, Morning Consult, and Law360 for recent Wells Fargo investigation involving dishonest sales practices The Justice Department is investigating Wells Fargo’s improper sales tactics. Federal prosecutors are in the early stages of an investigation after it has been...

August 25, 2016

Exclusive: Companies made deals that could run afoul of U.S. whistleblower rules

Jordan A. Thomas comments on employment language that seeks to muzzle whistleblowers Wells Fargo, Advanced Micro Devices, and Fifth Third Bank have in recent years agreed to settlement deals that seek to muzzle former employees in ways that some lawyers said could violate U.S. whistleblower protection laws. Five lawyers, including three who represent whistleblowers, said...

August 11, 2016

SEC Shows No Patience For Muzzling Whistleblowers

Jordan A. Thomas discusses the negative impact that severance agreements have on whistleblowers The U.S. Securities and Exchange Commission took aim at severance agreements that prevent whistleblowers from collecting cash for their tips, making clear that the agency has no patience for impeding whistleblowing in any form and suggesting it may impose even broader requirements...

A Summer of BD Discontent

Jordan A. Thomas weighs in on the importance of protecting customer assets In June 2016, the SEC announced a $415 million settlement with broker-dealer Merrill Lynch for its misuse of customer funds to generate profits for the company and failing to safeguard customer securities from the claims of its creditors, breaching Rule 12(c)3-3, the “Customer...

415 Million Reasons Why It’s Time to Hug a Whistleblower

For its fifth year anniversary, we examine the significant rise of the U.S. SEC whistleblower program and its impact on recent rulings for whistleblowers. As we approach the fifth anniversary of the adoption of the U.S. Securities and Exchange Commission Whistleblower Program rules, we are finally seeing the new enforcement paradigm come to fruition. To...

Articles & Perspectives

SEC Petitioned for Tougher Whistleblower Protections

Compliance Week

Former Securities and Exchange Commission (SEC) enforcement official, Jordan A. Thomas and whistleblower advocacy group, the Government Accountability Project, recently filed joint petitions for rulemaking. Written on behalf of more than 250 organizations and nearly two million individuals, the petitions aim to clarify and strengthen whistleblower protections. and coincide with the fourth anniversary of The...

A Wall Street golden boy blames gambling addiction for $100 million fraud

The Washington Post

Jordan A. Thomas weighs in on fraud scheme involving former Wall Street financier Groomed at some of the country’s most elite private schools, Andrew Caspersen glided onto Wall Street with ease. His father was a well-known financier, and Caspersen followed in his footsteps. He snagged jobs in the close-knit private equity world, earning an annual...

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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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