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Arnold & Porter Hires SEC’s Norberg for Securities Enforcement

May 24, 2021, 4:01 AM

Jane Norberg is joining Arnold & Porter as a securities enforcement and litigation partner in Washington after serving as the second-ever chief of the U.S. Securities and Exchange Commission’s whistleblower office.

Record monetary awards for securities whistleblowers in recent years make this a great time for a move to Big Law, Norberg said. The SEC issued $84 million in awards in the last week alone, she said.

“The whistleblower is here to stay,” Norberg said. New whistleblower directives from the European Union and elsewhere overseas make it “clear this isn’t just a domestic U.S. concern.”

Norberg headed the SEC’s office of the whistleblower since 2016 and was the deputy there for four years prior to that. The office was created in 2010 through passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act.

At Arnold & Porter, Norberg’s practice will focus on helping clients assess their exposure to whistleblower allegations. In cases where specific allegations emerge, she’ll assist companies with their defense.

“Jane’s knowledge and vast experience on SEC rules and processes, along with her unique understanding of whistleblower issues, will be invaluable,” said Arnold & Porter Chairman Richard M. Alexander in a statement.

The SEC has awarded more than $900 million over the life of the whistleblower program, Norberg’s successor said in a May 19 statement.

Since the pandemic took root, there’s been an uptick in whistleblower tips, Norberg said. “I expect this administration to be very pro-whistleblower,” she said.

In her new practice, proactive assessments will be key for many clients, Norberg said. That includes the need to maintain “robust” internal reporting mechanisms, and to cultivate “zero-tolerance policies” to prevent retaliation against whistleblowers.

From more than a decade through 2008, Norberg worked as an attorney for Shearman & Sterling. She also previously served as a special agent for the U.S. Secret Service, according to the recent SEC statement announcing her departure.

At the Secret Service, she investigated federal crimes and provided protection for the president, vice president, and visiting foreign dignitaries.

To contact the reporter on this story: Sam Skolnik in Washington at sskolnik@bloomberglaw.com

To contact the editors responsible for this story: Rebekah Mintzer at rmintzer@bloomberglaw.com; John Hughes in Washington at jhughes@bloombergindustry.com

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