Hazy Future for Thriving S.E.C. Whistle-Blower Effort

The New York Times
April 23, 2013

Jordan A. Thomas comments on the 20-month-old S.E.C. whistleblower program

Calls from whistle-blowers came pouring in. In a recent report to Congress, Mr. McKessy stated that his office in the last fiscal year received 3,001 tips.

"I expect you'll see more cases in the coming year," said Jordan A. Thomas, a former S.E.C. official who helped create the office and is now handling whistle-blower complaints at the law firm Labaton Sucharow.

The S.E.C. has boasted about the "high quality" of the tips, saying that several each week have proved fruitful.