Whistleblowers Extend Regulators' Reach

Financial News
June 4, 2012

Jordan A. Thomas sends a warning to corrupt banks

The new regime has only been in effect since August last year. But Jordan Thomas, a lawyer who was instrumental in developing the US legislation on whistleblowing when he worked at the SEC and has recently moved into private practice at law firm Labaton Sucharow, says that it has already resulted in a greater number and better quality of whistleblower. He was recently visited by one of the 25 most senior executives of an international bank. Thomas said: "That just didn't happen before but it is starting to now. The banks should be scared."