SEC
Whistleblower
Attorneys
LANDMARK LAWSUIT FILED AGAINST SEC TO PROTECT ALL WHISTLEBLOWERS

Articles & Perspectives

With more than a century of combined experience prosecuting some of the most complex securities frauds in history, our team possesses expansive knowledge on topics ranging from legal and regulatory frameworks, corporate governance and ethics, to auditing reform, in-house compliance systems and internal investigations. As a result, we are regularly called upon both to author and comment on sophisticated topics for major media and, as bloggers for our own audience, to examine top-of-mind issues with a fresh and substantive perspective.

Search
August 5, 2021
SEC Whistleblower Actions Create Agency Rift, Halt Lawsuit
Law360
On August 5, 2021, reporter Al Barbarino released a follow-up article on Law360.com about the SEC’s approach to two rules amendments enacted late last year. Earlier in the week, Mr. Barbarino reported on a statement released by SEC Chairman Gary Gensler revealing that he had directed agency staff to prepare revisions to the amendments for...
Articles & Perspectives
August 2, 2021
SEC to Review Controversial Whistleblower Rule Changes
Law360
In a sign that the SEC has started to hear the chorus of concerns about two rules amendments enacted late last year that disincentivize would-be whistleblowers, the Commission announced on August 2, 2021 its intent to potentially revise them. As reported by Al Barbarino on Law360.com, SEC Chairman Gary Gensler released a statement that he...
Articles & Perspectives
July 7, 2021
Former Enron Executive: SEC Whistleblower Program Is a Game Changer
The Wall Street Journal
Jordan Thomas was tapped for his perspective in a July 7, 2021 Wall Street Journal article by Mengqi Sun. The article is a profile on Sherron Watkins, the former Enron executive who blew the whistle on the now-defunct energy giant for its use of complicated off-balance-sheet vehicles to conceal hundreds of millions of dollars in...
Articles & Perspectives
June 27, 2021
Bankruptcy Process Affects Whistleblower’s Big Payout
On June 27, 2021, the Wall Street Journal published an exposé by Mark Maremont on how a successful whistleblower under the U.S. Securities and Exchange Commission’s (“SEC”) program could still walk away with nothing. Jordan Thomas was quoted on the matter. The article discussed the case of John McPherson and his whistleblowing about a company...
Articles & Perspectives
June 21, 2021
What It’s Like to be a Wall Street Whistleblower
On June 21, 2021, Jordan Thomas was one of several whistleblower attorneys to comment in an in-depth Institutional Investor article by Leah McGrath Goodman entitled “What It’s Really Like to Be a Wall Street Whistleblower.” The article centers on the story of Eugene Ross, a former Bear Stearns broker with celebrity clients including Lily Cates....
Articles & Perspectives
April 16, 2021
Departing Chief Says SEC Whistleblower Program Shows Value of Speaking Up
The Wall Street Journal
Jordan Thomas was quoted in an April 16, 2021 Wall Street Journal article about the departure of Jane Norberg, Esq. from her position as Chief of the SEC’s Office of the Whistleblower. It was announced on April 8 that she would be leaving, and the article states that “[h]er last day was Friday.” In an...
Articles & Perspectives
April 1, 2021
Dems may warm to principles-based rules
Regulatory Compliance Watch
Jordan Thomas’ recent lawsuit to protect whistleblowers is discussed in an April 1, 2021 article focused on the effects of politics in SEC rulemaking. The article, written by Bill Myers, says that Jordan’s lawsuit may be a “hard case [that] play[s] out in front of us” reflecting on whether Democrats will seek to repeal so-called...
Articles & Perspectives
March 29, 2021
The Rise of Whistleblower Lawsuits, Where Tipsters Make Millions
Business Insider
Jordan Thomas was tapped for his perspective about whistleblowers in a March 29, 2021 article by Samantha Lee on BusinessInsider.com. The article is not focused on any particular whistleblower program and discusses qui tam lawsuits under the False Claims Act as well as the relatively recently-developed programs of the IRS, SEC and CFTC. Jordan made...
Articles & Perspectives
February 17, 2021
Mortgage banker’s failed appeal sheds light on opaque SEC bounty process
Reuters
Jordan Thomas was quoted in a Reuters article by Alison Frankel published on Feb. 17, 2021. Along with another prominent whistleblower attorney, Jordan provided information concerning whistleblower appeals of SEC award determinations. He observed that litigated appeals are exceedingly rare, and that he had no awareness of such litigation ever being successful for a whistleblower....
Articles & Perspectives
January 31, 2021
Former SEC employee sues to halt whistleblower program changes
POLITICO Pro
Politico ran an article on January 13, 2021 by Kellie Mejdrich discussing an injunctive action brought by Jordan Thomas in the U.S. District Court, Washington D.C. against recent SEC rule changes. Jordan was quoted as describing the rule changes as illegal under the Administrative Procedure Act and “a major step backwards.” The article highlights Jordan’s...
Articles & Perspectives
January 14, 2021
Jay Clayton’s Legacy At Risk Because He Either Didn’t Read Or Didn’t Care About The Law
Dealbreaker
This Jan. 14, 2021 Dealbreaker article by Jon Shazar is highly critical of former SEC Chairman Jay Clayton and rule changes he spearheaded at the end of his tenure concerning whistleblower award determinations. Against that backdrop, the author highlighted the litigation brought by Jordan Thomas challenging the SEC’s statutory authority to make these rule changes....
Articles & Perspectives
January 12, 2021
Whistle-Blowing Soars to Record With Americans Working From Home
Bloomberg
On Jan. 12, 2021, Bloomberg ran a story by authors Matt Robinson and Ben Bain about a surge in whistleblowing tips received by the SEC since the outbreak of Covid-19 and the resulting widespread lockdown in the country. The number of tips received by the SEC in its last fiscal year, which included the beginning...
Articles & Perspectives
Featured
December 2, 2019
Understanding the Factors that Determine an SEC Whistleblower Award: Opportunities & Outcomes
Jordan A. Thomas As the SEC Whistleblower Program grows in awareness ($387 million in awards to date is pretty good advertising) more and more individuals explore the investor protection initiative that provides eligible whistleblowers monetary incentives and employment protections with the comfort of anonymous reporting. The program has been such an unmitigated success that between...
Articles & Perspectives
July 23, 2019
SEC Whistleblower Program Surpasses $2 Billion in Monetary Sanctions With Latest Whistleblower Award
The Securities and Exchange Commission (SEC) awarded a half-million dollars “to an overseas whistleblower whose expeditious reporting helped the Commission bring a successful enforcement action.” The Commission’s press release further reports that, with this and other recent enforcement actions brought as a result of tips from SEC whistleblowers, the SEC Whistleblower Program has yielded more than $2...
Articles & Perspectives
July 24, 2018
Private: Dashboard: Fast Facts from the ECI’s 2018 State of Ethics & Compliance in the Workplace
Corporate Whistleblower Watch
47% of employees said that within the last 12 months they observed conduct that either violated organizational standards or the law. 69% of employees reported the misconduct that they observed. 44% of employees who reported misconduct experienced retaliation, double the figure in 2013. 16% of employees experienced pressure to compromise standards 40% of employees believed...
Articles & Perspectives
Named one of the top whistleblower practices/attorneys in the country by The New York Times, Wall Street Journal and NPR
Thank you for submitting some email to us.