Transfer Displays a Bullish View of the SEC Whistleblower Program and its Future

NEW YORK, January 04, 2022–(BUSINESS WIRE)–Established by 5 former senior SEC attorneys, SEC Whistleblower Advocates PLLC is the nation’s first regulation agency completely devoted to representing SEC whistleblowers. The founders are Jordan Thomas, Chair, (former SEC Assistant Director), Richard Levine (former SEC Affiliate Common Counsel), Michael Stevenson (former PCAOB Deputy Common Counsel and SEC Senior Particular Counsel), Timothy Warren (former SEC Affiliate Regional Director), and Robert Wilson (former SEC Deputy Assistant Director).

The founders strongly imagine a regulation agency that’s established for, structured round, and completely restricted to SEC whistleblowers is the premier mannequin for serving brave people who want to report securities violations. The brand new agency additionally displays a bullish view of the SEC Whistleblower Program’s future and the pure evolution of the maturing observe space.

“With the SEC Whistleblower Program frequently breaking information and Chairman Gensler’s whistleblower-friendly management, we imagine that that is the suitable time to launch this specialty regulation agency,” stated Jordan A. Thomas, Chair. “Being a whistleblower has by no means been extra profitable or harmful, and our new agency’s mission might be to stage the enjoying subject and be sure that SEC whistleblowers don’t have private or skilled regrets.”

The SEC Whistleblower Program gives eligible whistleblowers important employment protections, financial awards, and the power to report anonymously. Since issuing its first award in 2012, this system has awarded roughly $1.2 billion to 236 people. Data from these whistleblowers has resulted in orders for practically $5 billion in financial sanctions, of which greater than $1.3 billion has been, or is scheduled to be returned to harmed traders.

Previous to launching the brand new agency, the founders have been working collectively on the award-winning whistleblower observe at Labaton Sucharow, which has been profiled by the New York Occasions and NPR. Their shoppers have secured precedent-setting whistleblower awards and have launched lots of the SEC’s most high-profile circumstances. Thus far, their shoppers have helped the SEC to safe over $1 billion in financial sanctions and have gained the biggest single-case SEC whistleblower award in historical past, greater than $83 million. Along with important financial recoveries, amongst their many landmark circumstances, they efficiently represented the primary officer of a public firm to win an SEC whistleblower award, the primary SEC whistleblower to obtain legal immunity, and the primary SEC whistleblower to obtain a whistleblower award as a result of his firm retaliated in opposition to him.

Initially, SEC Whistleblower Advocates PLLC can have places of work in Washington D.C. and New York Metropolis. For extra details about the brand new regulation agency and the SEC Whistleblower Program, go to www.secwhistlebloweradvocate.com.

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Contacts

Press:
Jackie Unfastened, jloose@profileadvisors.com