News & Insights

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.

May 18, 2020
Who is an SEC Whistleblower?
To have a better understanding of the background of a whistleblower, select which statement is true? An SEC whistleblower can have no direct relation to the company at issue. An SEC whistleblower can be a C-suite executive. An SEC whistleblower can live in China. An SEC whistleblower can report the tip anonymously. An SEC whistleblower...
Articles & Perspectives
Surveys & Resources
Survey: Professional Ethics Weak on Wall Street WNYC Radio Jordan A. Thomas discusses the findings of a new survey which he says demonstrates that mistrust of the finance industry goes well beyond Main Street. Labaton Sucharow Surveys Wall Street: A Perfect Storm Looming In our second annual survey of the U.S. financial services industry, we...
Reports & Surveys
May 8, 2020
Three Pump & Dump Schemes to Write Home About
In a pump and dump scheme, perpetrators attempt to boost or “pump” the price of a stock they own (typically of small, so-called “microcap” companies) by spreading false, misleading or exaggerated statements to the market. The perpetrators then sell off or “dump” their positions after the false information raises the share price. The price typically...
Articles & Perspectives
May 5, 2020
How Does a Stock Manipulation Scheme Actually Work?
Bad guys can play the market in so many ways, creating elaborate fictions worthy of the grandest literary prizes. These schemes often involve multiple ways to ‘fly below the radar,’ such as utilizing various brokerage accounts, false names, shell companies and the like. In many cases, the thieves craft elaborate ways to add credibility to...
Articles & Perspectives
May 5, 2020
5 Notorious Insider Trading Cases from the Last Decade
How do insider trading schemes work? Put simply, insider trading occurs when someone executes a stock trade based on information that is unavailable to the general public. In many cases, corporate insiders have this kind of information—such as an upcoming merger or a pending announcement of a lucrative patent—and can use it to arrange a...
Articles & Perspectives
April 30, 2020
Examining the Surge in SEC Whistleblower Awards This Spring
Despite a global pandemic that has brought the American workplace to a virtual standstill, the Securities and Exchange Commission has been hard at work, announcing 10 whistleblower awards since the start of the year. This flurry of activity during the first four months of 2020 eclipses any other year since the whistleblower program was established....
Articles & Perspectives
April 8, 2020
Jordan Thomas Featured on University of Chicago Law Review Podcast
University of Chicago Law Review
Leading SEC whistleblower attorney Jordan Thomas was featured on a University of Chicago Law Review podcast. In the episode “The SEC Whistleblower Program,” Jordan discusses the creation and workings of the SEC Whistleblower program.
Webinars, Videos & Podcasts
February 10, 2020
Jordan Thomas Recognized as a 2020 Top Thought Leader in Trust
Press Release
Whistleblower Representation Practice Chair Jordan Thomas has been named a Trust Across America 2020 Top Thought Leader in Trust. A multi-year award winner, Jordan joins corporate leaders, academics and researchers who transform the way organizations build and operate their businesses. Describing Jordan’s work, Trust Across America wrote “And what if the SEC could tap the...
In The News
December 4, 2019
The Incomparable Value of Service in Secret: Lessons from the SEC’s Office of the Whistleblower
NYU Law's Program on Corporate Compliance and Enforcement blog
Jordan Thomas, partner and chair of the SEC whistleblower representation practice at Labaton Sucharow, discusses the recent results of the SEC Whistleblower program, its impact on inspiring other nations to examine their measures to combat corporate misconduct, and what lies ahead for corporate whistleblowers in the future.
Articles & Perspectives
December 3, 2019
Former PCAOB Deputy General Counsel Michael Stevenson Joins Labaton Sucharow
Press Release
Labaton Sucharow LLP today announced that Michael Stevenson, longtime Deputy General Counsel of the Public Company Accounting Oversight Board (PCAOB), has joined as a partner in its Whistleblower Representation Practice. Mr. Stevenson has more than two decades of enforcement and regulatory experience at the PCAOB and the Securities and Exchange Commission. Most recently, Mr. Stevenson served for...
In The News
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
Annual Report to Congress of the Dodd-Frank Whistleblower Program
Annual Report to Congress of the Dodd-Frank Whistleblower Program The SEC has released its 2019 Annual Report to Congress on the Dodd-Frank Whistleblower Program. Since the program’s inception, tips received through the SEC Whistleblower Program have contributed to successful enforcement actions that enabled the Commission to recover more than $2 billion in monetary sanctions, almost...
Reports & Surveys
March 19, 2018
Labaton Sucharow Whistleblowers 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 Labaton Sucharow, the whistleblowers’ tips led to a landmark enforcement action that resulted in Merrill Lynch...
In The News
March 20, 2018
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...
In The News
July 29, 2019
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
May 30, 2019
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...
In The News
May 18, 2015
Dealbook: Many on Wall Street Say It Remains Untamed
The New York Times
Partner and chair of the Firm’s Whistleblower Representation Practice, Jordan A. Thomas, recently spoke to various media outlets on the findings of a recent survey co-sponsored by the Firm and The University of Notre Dame titled, The Street, The Bull, and The Crisis. The survey, which probed “the ethical views of a broad spectrum of...
In The News
October 5, 2018
Jordan A. Thomas Named Whistleblower “Lawyer of the Year”
Press Release
New York, NY – October 5, 2018 – Labaton Sucharow LLP 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...
In The News
April 25, 2017
Not an Inside Job: How Two Analysts Became SEC Whistleblowers
Jordan A. Thomas represents analysts accusing medical device maker of channel stuffing  In 2013, two analysts at Orthofix, a medical device maker, contacted Firm partner Jordan A. Thomas, who submitted a tip to the SEC on his clients’ behalf, promising to follow up with a more detailed submission, records show. To bolster their case the...
In The News
November 18, 2019
SEC Releases Annual Report of Whistleblower Program: Program Continues to Prove Long-Term Success for Securities Enforcement
The SEC has released its 2019 Annual Report to Congress on the Dodd-Frank Whistleblower Program. Since the program’s inception, tips received through the SEC Whistleblower Program have contributed to successful enforcement actions that enabled the Commission to recover more than $2 billion in monetary sanctions, almost $500 million of which has been, or is scheduled to be, returned...
In The News
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