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“In the coming years,” Thomas said Wednesday, “I predict that the SEC will exceed its previous records in both number of actions brought and the amount of sanctions collected as a result of whistleblower assistance.”
New yearly records will be set, Thomas said, “because courageous insiders are finally breaking their silence.” Thomas left the SEC in July and now handles whistleblower litigation as a [Jordan Thomas][prior firm][‘s]partner . . . in New York.
What the report doesn’t emphasize, Thomas noted, is “the high quality of the whistleblower submissions. The percentage of tips actually being converted into investigations is much higher than what the SEC saw historically.”