SEC Accuses Firm of Whistleblower Retaliation

USA Today
June 16, 2014

Jordan A. Thomas predicts future SEC actions will be the result of whistleblowers

Paradigm Capital Management and CEO, Candace King Weir, agreed to pay more than $2.18 million to settle the SEC's charges of securities violations. Jordan A. Thomas represented the anonymous whistleblower who was instrumental in bringing these violations to the SEC's attention.

"Each time the SEC has issued a whistleblower award, awareness of the program has grown and other knowledgeable individuals have chosen to break their silence and come forward," said Thomas, a former SEC enforcement official. He predicted that many of the agency's future enforcement actions "will be the result of courageous whistleblowers."