It’s been just over a year since the Securities and Exchange Commission awarded three whistleblowers a whopping $83 million for tipping the Commission to misconduct at Merrill Lynch. Jordan Thomas, who represented all three whistleblowers, sheds light on the historic whistleblower award, his thoughts on the SEC whistleblower program generally, and what he predicts down the road.
Eight years passed between the launch of the SEC whistleblower program and the awards paid to your clients in the Merrill Lynch action. Why has it taken so long to see SEC whistleblower awards of this magnitude?
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