Enforcement Wave' Heading for Advisers: Ex-SEC Official

Investment News
December 4, 2011

Jordan A. Thomas commented on the SEC's latest enforcement moves


"An enforcement wave is coming," said Jordan Thomas, a partner at Labaton Sucharow LLP and former assistant director at the Securities and Exchange Commission's asset management unit. "The world is about to change for investment advisers."

"The full impact of the asset management unit hasn't been felt yet," he said.

"If you don't [self-]report, there is now a much higher probability the SEC will find out," Jordan Thomas said.