Thomas believes the ability of each SEC whistleblower to receive their own financial reward when they supply high quality information to the SEC about financial wrong doing will play an important role in future cases brought by the Securities and Exchange Commission. While reporting the fact Labaton Sucharow had represented a whistleblower receiving the second largest financial reward in the six year history of the program at $17 million, attorney Thomas explained his belief that others in the financial industry would soon look to bring their own knowledge of financial irregularities to the SEC in return for a substantial financial reward. In fact, Thomas explained his personal view that in the future each case brought by the SEC would be kicked off by information provided by a whistleblower.
The SEC whistleblower program looks to develop a relationship with potential whistleblowers that is established upon the chance to receive between 10 and 30 percent of any fines levied by the SEC. The protection of each whistleblower is of key importance to the SEC and the team at Labaton Sucharow, including the rules allowing each whistleblower anonymity and the opportunity to retain their role in any company they work for. Jordan Thomas has already worked on cases protecting the identity of a whistleblower, which the SEC looks to protect by not naming which cases a whistleblower is involved in.
Jordan A. Thomas has brought his knowledge of the Dodd-Frank Act and the SEC whistleblower program to the Labaton Sucharow law firm, which draws on the fact aropund 78 percent of Americans would be willing to report wrongdoing in the workplace if their identity and employment were protected. Labaton Sucharow work with each whistleblower to make sure the correct information and timing is used to raise the alarm over financial wrongdoing with the SEC.