SEC Gets More Than 3,000 Whistle-Blower Tips

Daily Business Review
November 19, 2012


Jordan A. Thomas comments on the whistleblower tips received by the SEC during the first full year of it's Dodd-Frank Whistleblower Program

Whistle-blowers could stand to earn as much as $180 million, according to calculations by Jordan Thomas, the chair of whistle-blower representation at Labaton Sucharow and the former SEC assistant director who helped set up the program.

Those awards are significant to the success of the program, Thomas said. Surveys his firm conducted this year showed that one in four financial professionals said they saw wrongdoing in the workplace, and 94 percent said they would report it under the protections offered by the SEC whistleblower program.