SEC Whistleblowers Waiting For Big Payouts As Rumors Of First Award Mount
May 31, 2012
Jordan A. Thomas comments on speculation as to SEC payouts for whistleblowers
"I think that it will be significant, because one of the ways that whistleblower programs establish trust with potential whistleblowers is when they make payments," said Jordan Thomas, a former SEC official who oversaw the creation of the whistleblower program and who now represents whistleblowers at the Labaton Sucharow law firm in New York. "It's going to be a significant event," Thomas said. "For those few companies who have not reevaluated their internal reporting systems, this will be a wake-up call."