The U.S. Securities and Exchange Commission has given a $450,000 whistleblower award to an employee who had compliance-related job responsibilities at a company—only the third time in eight years that an award has gone to an individual with compliance or internal audit duties.

“When gatekeepers such as compliance officers, accountants or lawyers blow the whistle to the SEC, it is a sign that something is very, very wrong at that company,” said Jordan Thomas, head of the whistleblower practice at Labaton Sucharow. Thomas, a former assistant director and chief litigation counsel at the SEC, helped build the agency’s whistleblower program before he joined Labaton.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]