SEC Insider's Guide
During consultations with our whistleblower clients, we often encounter numerous questions about the SEC and how it enforces the securities laws. What causes the SEC to open an investigation? What happens when it decides to open an investigation? What if other agencies like the Department of Justice or the IRS are interested in the information I submitted to the SEC?
Labaton Sucharow’s SEC Insider’s Guide provides straightforward answers to these and many other common questions. Jordan A. Thomas, the Chair of our Whistleblower Representation Practice and a former senior SEC insider, developed this valuable resource to provide key information and practical insights about the SEC to potential whistleblowers and other interested parties.
Resources
In addition to the many resources we highlight below, please see Rules & Regulations for additional information about the laws that govern and guide the SEC’s work.
SEC Testimony
Continued Oversight of the Implementation of the Wall Street Reform Act, Chairman Mary L. Schapiro, December 6, 2011 http://www.sec.gov/news/testimony/2011/ts120611mls.htm
Enhanced Oversight After the Financial Crisis: The Wall Street Reform Act at One Year, Chairman Mary L. Schapiro, July 21, 2011 http://www.sec.gov/news/testimony/2011/ts072111mls.htm
Testimony on Implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act by the U.S. Securities and Exchange Commission, Chairman Mary L. Schapiro, February 17, 2011 http://www.sec.gov/news/testimony/2011/ts021711mls.htm
Testimony on Implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act by the U.S. Securities and Exchange Commission, Chairman Mary L. Schapiro, September 30, 2010 http://www.sec.gov/news/testimony/2010/ts093010mls.htm
Testimony Concerning Investigating and Prosecuting Fraud after the Fraud Enforcement and Recovery Act, Robert Khuzami, September 22, 2010 http://www.sec.gov/news/testimony/2010/ts092210rk.htm
Testimony Concerning Oversight of the U.S. Securities and Exchange Commission: Evaluating Present Reforms and Future Challenges, Chairman Mary L. Schapiro, July 20, 2010 http://www.sec.gov/news/testimony/2010/ts072010mls.htm
Testimony Concerning the State of the Financial Crisis, Chairman Mary L. Schapiro, January 14, 2010 http://www.sec.gov/news/testimony/2010/ts011410mls.htm
Testimony Concerning Strengthening the SEC's Vital Enforcement Responsibilities, Robert Khuzami, Director, Division of Enforcement, May 7, 2009 http://www.sec.gov/news/testimony/2009/ts050709rsk.htm
Testimony Concerning Insider Trading, Linda Thomsen, Director, Division of Enforcement, Sept 5, 2006 http://www.sec.gov/news/testimony/2006/ts120506lct.pdf
Testimony Concerning Enhancing Investor Protection and Regulation of the Securities Markets, Chairman Mary L. Schapiro, March 26, 2009 http://www.sec.gov/news/testimony/2009/ts032609mls.htm
SEC Speeches & Public Statements
Statement on the Application of Insider Trading Law to Trading by Members of Congress and Their Staffs, Robert Khuzami, Director, Division of Enforcement, December 1, 2011 http://www.sec.gov/news/testimony/2011/ts120111rsk.htm
Opening Statement at SEC Open Meeting: Item 2 — Whistleblower Program, Chairman Mary L. Schapiro, May 25, 2011 http://www.sec.gov/news/speech/2011/spch052511mls-item2.htm
Remarks at Open Meeting — Whistleblower Program, Robert S. Khuzami, Director, Division of Enforcement, May 25, 2011 http://www.sec.gov/news/speech/2011/spch052511rk.htm
The Stanford Ponzi Scheme: Lessons for Protecting Investors from the Next Securities Fraud, Robert Khuzami, Director, Division of Enforcement and Carlo di Florio, Director, Office of Compliance Inspections and Examinations, May 13, 2011 http://www.sec.gov/news/testimony/2011/ts051311rk-cvd.htm
Evolving to Meet the Needs of Investors, Chairman Mary L. Schapiro, February 4, 2011 http://www.sec.gov/news/speech/2011/spch020411mls.htm
Opening Statement at the SEC Open Meeting: Items 1 and 2 — Proposals to Implement Investment Adviser Provisions of the Dodd-Frank Act, Chairman Mary L. Schapiro, November 19, 2010 http://www.sec.gov/news/speech/2010/spch111910mls-items1-2.htm
Opening Statement at the SEC Open Meeting: Item 3 — Whistleblower Program, Chairman Mary L. Schapiro, November 3, 2010 http://www.sec.gov/news/speech/2010/spch110310mls-whistleblowers.htm
Moving Forward: The Next Phase in Financial Regulatory Reform, Chairman Mary L. Schapiro, July 27, 2010 http://www.sec.gov/news/speech/2010/spch072710mls.htm
Remarks at News Conference Announcing Landmark $550 Million Goldman Sachs Settlement, Robert Khuzami, Director, Division of Enforcement, and Lorin Reisner, Division of Enforcement, July 15, 2010 http://www.sec.gov/news/speech/2010/spch071510rsk.htm
Looking Ahead and Moving Forward, Chairman Mary L. Schapiro, February 5, 2010 http://sec.gov/news/speech/2010/spch020510mls.htm
Applying the Lessons, Chairman Mary L. Schapiro, November 5, 2009 http://www.sec.gov/news/speech/2009/spch110509mls.htm
The Road to Investor Confidence, Chairman Mary L. Schapiro, October 27, 2009 http://www.sec.gov/news/speech/2009/spch102709mls.htm
Improving the Role of the Securities Regulators in a Changing Global Financial System, Chairman Mary L. Schapiro, June 11, 2009 http://www.sec.gov/news/speech/2009/spch061109mls.htm
True to Our Mission: Why We Need the SEC, Linda Chatman Thomsen, Director, Division of Enforcement, November 6, 2008 http://www.sec.gov/news/speech/2008/spch110608lct.htm
Remarks Before the IA Week and the Investment Adviser Association 9th Annual IA Compliance Best Practices Summit 2007, Linda Chatman Thomsen, Director, Division of Enforcement, March 22, 2007 http://www.sec.gov/news/speech/2007/spch032207lct.htm
Remarks at the 2007 Corporate Counsel Institute, Linda Chatman Thomsen, Director, Division of Enforcement, March 8, 2007 http://www.sec.gov/news/speech/2007/spch030807lct2.htm
Putting Investors First: Remarks before the ALI-ABA Course of Study SEC/NASD Compliance, Linda Chatman Thomsen, Director, Division of Enforcement, June 17, 2005 http://www.sec.gov/news/speech/spch061705lct.htm
Remarks before the Directors’ Education Institute at Duke University: Staying the Course, Stephen M. Cutler, Director, Division of Enforcement, March 18, 2005 http://www.sec.gov/news/speech/spch031805smc.htm
For a complete list of Testimony, Speeches and Public Statements by the Chairman, Commissioners, and Staff of the SEC please visit their website http://www.sec.gov/.
Manuals & SEC Annual Reports
Annual Report of the Dodd-Frank Whistleblower Program, US Securities and Exchange Commission, 2011
Annual Report of the Dodd-Frank Whistleblower Program, US Securities and Exchange Commission, 2010
Performance and Accountability Report, US Securities and Exchange Commission, 2011
Videos, Webinars & Podcasts
Please click here for a selection of videos, webinars and podcasts related to the SEC Whistleblower Program that we find particularly informative.
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Website Editor &
SEC Whistleblower Advocate
Jordan A. Thomas
jthomas@labaton.com
212-907-0836
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