Jordan A. Thomas advocates for stronger whistleblower rules, petitions SEC
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July 23, 2014
Labaton Sucharow partner and 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 Dodd-Frank Wall Street Reform and Consumer Protection Act.
“As awareness and interest in the SEC Whistleblower Program and other similar programs has grown, they have come under stealth attach by Corporate America,” said Thomas. “If the SEC doesn’t adopt appropriate countermeasures, gag orders, retaliation and other forms of legal bullying will quickly erode the potential of this powerful investor protection tool.”