Case Status
Settled
Practice Areas
Case Number
ADMINISTRATIVE PROCEEDING File No. 3-18388

Hagens Berman successfully represented market structure and electronic trading expert Haim Bodek in his SEC whistleblower matter against the New York Stock Exchange (NYSE) and two affiliated financial exchanges. The SEC’s enforcement action resulted in a $14,000,000 penalty against the NYSE exchanges. This penalty tied the record-setting exchange penalty paid by BATS Global Markets Inc., the financial exchange penalized previously by the SEC for unlawful conduct committed by exchange Direct Edge Holdings LLC, which BATS had acquired. That SEC enforcement action was also triggered by our client Mr. Bodek and covered extensively by the Wall Street Journal and other financial publications.

Shayne Stevenson, Partner and Head of Whistleblower Practice, represented Mr. Bodek in both the BATS/Direct Edge and NYSE whistleblower matters—both of which resulted in awards to Mr. Bodek for his expert analysis of the exchanges’ wrongdoing and his continued efforts to assist the SEC. “Haim Bodek is precisely the type of person that the SEC’s Dodd-Frank whistleblower program was meant to attract—a supremely intelligent, honest expert in financial markets who is willing to spend significant time and energy to identify unlawful behavior in our markets and respectfully assist the SEC and other agencies in any way he can.”

Mr. Stevenson continues to work with and represent Mr. Bodek on several SEC whistleblower matters currently under investigation and other presently undisclosed settled matters.

ABOUT THE SEC WHISTLEBLOWER PROGRAM

Hagens Berman is one of a handful of the leading law firms representing successful whistleblowers under the SEC whistleblower program. We were SEC representing whistleblowers even before the first day that the Securities and Exchange Commission’s Dodd-Frank Whistleblower Program launched in the summer of 2011. We beat the odds for our clients, having recovered maximum awards in several record-setting cases. Our current SEC whistleblower cases run the gamut of securities fraud: misrepresentations and omissions in financial filings; accounting fraud; insider trading; market manipulation; market structure and trading violations; pricing fraud; offering fraud; foreign bribery (FCPA); investment fraud; other various other kinds of securities fraud. Our whistleblower legal team represents dozens of SEC whistleblowers around the world in cases currently under investigation by SEC Enforcement Division offices across the country. 

CONFIDENTIAL CONSULTS FOR WHISTLEBLOWERS

Whistleblower cases are kept under strictly enforced confidentiality by the government or the courts during the period of investigation, and for the SEC/CFTC/IRS programs, in perpetuity. Likewise, whistleblower attorneys at Hagens Berman will handle its investigation and any eventual lawsuit or agency complaint with the highest confidentiality to protect your anonymity. We work to protect your anonymity, confidentiality, and job security during the entirety of our representation. Whistleblower laws protect employees from retaliation and Hagens Berman helps whistleblowers address retaliation and potential retaliation. To understand your rights and the legal protections provided by several whistleblower programs, contact us for a confidential consult.

TOP WHISTLEBLOWER LAW FIRM

Hagens Berman’s team of expert whistleblower attorneys, led by managing partner, Steve Berman and head of whistleblower practice, Shayne Stevenson, has the track record, reputation, and knowledge to advocate for whistleblower clients in ways others do not. Our whistleblower practice is among a handful of the most successful and respected in the U.S. Unlike smaller, less experienced whistleblower law firms, Hagens Berman also has more than 80 attorneys in cities worldwide litigating complex corporate fraud every day, giving our clients the resources and expertise necessary to take on a broad range of whistleblower cases.

Case Timeline

Hagens Berman purchases advertisements on search engines, social media sites and other websites. Transmission of the information contained or available through this website is not intended to create, and receipt does not constitute, an attorney-client relationship. If you seek legal advice or representation by Hagens Berman, you must first enter a formal agreement. All information contained in any transmission is confidential and Hagens Berman agrees to protect information against unauthorized use, publication or disclosure. This site is regulated by the Washington Rules of Professional Conduct.