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Financial Fraud Law

SEC Attorney Launchs Whistleblower Practice At Labaton Sucharow

 Jordan A. Thomas, a 16 year veteran of the federal government, has left the U.S. Securities and Exchange Commission to join Labaton Sucharow LLP and launch its Whistleblower Representation Practice.  Labaton Sucharow says that it is "the first and only law firm to recruit a senior SEC attorney to lead a national whistleblower practice focused exclusively on representing individuals who report violations of the federal securities laws." 

“After working on the whistleblower and cooperation initiatives, I have come to believe that these new partnerships between government and private individuals will revolutionize the enforcement of the federal securities laws,” said Thomas.  “It is this deeply held belief, coupled with my admiration for whistleblowers and Labaton Sucharow’s unparalleled investor protection track record, that has led me to leave the Commission and dedicate the remainder of my career to protecting and advocating for these courageous individuals.”

As an Assistant Director and Assistant Chief Litigation Counsel in the SEC’s Division of Enforcement, over the last eight years, Thomas successfully investigated, litigated, and supervised a wide variety of enforcement matters–Enron and Fannie Mae, among them–which resulted in monetary recoveries for harmed investors in excess of $35 billion.  Prior to joining the SEC, Thomas was a Trial Attorney at the Department of Justice, where he specialized in complex financial services litigation involving the FDIC and Office of Thrift Supervision.  He began his legal career as a Judge Advocate in the U.S. Navy.
 
Thomas played a leadership role in the development and implementation of the SEC’s Whistleblower Program, which was enacted by the Dodd-Frank Act in July 2010, with the related implementing rules becoming effective this August.  An outgrowth of the most sweeping body of economic reforms since the Great Depression, the statute provides whistleblowers with enhanced anti-retaliation protections and substantial financial incentives, between 10-30 percent of the monetary sanctions collected, for providing original information to the SEC about violations of the federal securities laws.  Thomas also played a critical role in the development, and served as the first National Coordinator, of the SEC’s Cooperation Program.  This program encourages individuals and companies that may have violated the securities laws to participate in the SEC’s investigations and enforcement actions. 

Thomas has received the Arthur Mathews Award, which recognizes “sustained demonstrated creativity in applying the federal securities laws for the benefit of investors,” and, on two occasions, the Commission’s Law and Policy Award.