Matthew Stock is the Director of the Whistleblower Rewards Practice at Zuckerman Law. He is an attorney, Certified Public Accountant, Certified Fraud Examiner and former KPMG external auditor. Mr. Stock has audited a broad range of industries, both domestically and internationally, including large public companies and financial institutions. As an auditor, Mr. Stock developed an expertise in financial statement analysis and fraud recognition.
At Zuckerman Law, Mr. Stock leverages his experience as an attorney, CPA, CFE and external auditor to assist whistleblowers investigate and disclose complex financial frauds to the government. His practice focuses on representing whistleblowers in rewards cases at the SEC, CFTC, DOJ and IRS. In addition, Mr. Stock assists whistleblowers in Sarbanes-Oxley whistleblower retaliation cases, analyzing a wide range of accounting issues, including financial statement fraud, inadequate internal controls, and issuer disclosure violations.
Mr. Stock has been quoted by and published articles in leading business, accounting, and legal periodicals, including The Wall Street Journal, Forbes, Politico, CNBC, Vox, Accounting Today, Law360, Government Accountability Project, S&P Global Market Intelligence, GoingConcern, Risk & Compliance Magazine, Bloomberg, The Compliance and Ethics Blog, The National Law Review, City A.M., Investopedia, Compliance Week and other printed and electronic media. On June 28, 2018, SEC Commissioner Kara M. Stein cited Mr. Stock’s article in her Statement on Proposed Amendments to the Commission’s Whistleblower Program Rules. Mr. Stock was also recently quoted by Vox in an article discussing allegations that the VIX is being manipulated and the risks certain leveraged volatility investment products pose to retail investors. In the article, Mr. Stock stated, “It’s a bigger risk than we’re giving it credit for, and the manipulation can cause it to compound issues. Market volatility selling has grown so big that there’s a distinct systemic risk involved when there are fluctuations in the market.” Mr. Stock also said there is a broader point about how retail investors understand volatility and the products surrounding that trade on it. “Why is there such a huge demand on these products that are levered tremendously? Do people actually understand the risk? In times of volatility, do they know these levered products can cause as much loss as they did on February 5?”
Prior to joining whistleblower law firm Zuckerman Law, Mr. Stock worked at a tax whistleblower law firm, where he assisted whistleblowers in large-scale tax evasion cases. Based on his experience representing whistleblowers, Mr. Stock has drafted a multi-media guide about the SEC Whistleblower Program and is the lead author of Zuckerman Law’s eBook SEC Whistleblower Program: Tips from SEC Whistleblower Attorneys to Maximize an SEC Whistleblower Award. Recently, Mr. Stock was a guest on the podcast inSecurities, Inside the World of Whistleblowers: A Conversation with Attorney Matt Stock.
Mr. Stock graduated magna cum laude from Florida State University College of Law. In law school, he was a member of the Florida State University Law Review and a published author. His note, Dodd-Frank Whistleblower Statute: Who Qualifies as a Whistleblower, examines whether Congress intended to limit protections offered under the Dodd-Frank Act’s anti-retaliation provision to those who disclose information to the SEC. The U.S. Supreme Court decided this issue in Digital Realty Trust v. Somers, which was considered to be one of the most important whistleblower cases to come before the Court in years. In another note, Tax Whistleblower Statute: Obtaining Meaningful Appeals Through the Appropriate Scope of Review, Mr. Stock focuses on the appropriate scope of review for the Tax Court when whistleblowers appeal an IRS award determination.
Mr. Stock has published several articles about whistleblower rewards and protections, including:
- Dodd-Frank Whistleblower Protection Post-Digital Realty, Government Accountability Project (February 2019)
- CFTC Whistleblower Program Annual Report Reveals Active Year and Success in Enlisting Whistleblowers to Combat Commodities Fraud, National Law Review (November 2018)
- Tips for Whistleblowers to Qualify for an SEC Whistleblower Award, Risk & Compliance Jan-Mar 2018 Issue (January 2018)
- One Billion Reasons Why The SEC Whistleblower-Reward Program Is Effective, Forbes (July 2017)
- 15 Years of SOX: A Whistleblower Promise Unfulfilled, Law360, Expert Analysis (August 2017)
- Sarbanes-Oxley 15 Years Later: Accountants Need to Speak Up Now More Than Ever, GoingConcern (July 2017)
- Shkreli Trial Reveals the Challenges Faced by Compliance Whistleblowers, The Compliance & Ethics Blog (July 2017)
- Auditors’ and accountants’ guide to SEC whistleblower awards, Accounting Today (April 2017)
- Draining the Swap Requires Robust Whistleblower Protections and Incentives, Emory Corporate Governance and Accountability Review (January 2017)
- Appealing an SEC Whistleblower Award Determination, National Law Review (September 2017)
- SEC to Announce Largest SEC Whistleblower Award to Date, National Law Review (July 2017)
- Can Whistleblowers Disclose Secret Recordings to the SEC?, National Law Review (June 2017)
- SEC Whistleblower Attorney: Benefits of Experienced Representation, National Law Review (June 2017)
- How to Report EB-5 Fraud and Earn an SEC Whistleblower Award, National Law Review (May 2017)
- CFTC Strengthens Anti-Retaliation Protections for Whistleblowers and Improves CFTC Whistleblower Award Program, National Law Review (May 2017)
- SEC Cracking Down on Ponzi Schemes, National Law Review (April 2017)
- EB-5 Visa Scandal Underscores the Critical Role Whistleblowers Play in Exposing EB-5 Fraud, National Law Review (April 2017)
- SEC Scrutinizes “Fake News” Stock Promotion Schemes, National Law Review (April 2017)
- Sarbanes-Oxley Protects Disclosures About Inadequate Information Securities Controls, National Law Review (April 2017)
- SEC Whistleblower Program: Exposing Insider Trading, National Law Review (March 2017)
- 5 Tips for SEC Whistleblowers and Lessons Learned from SEC Whistleblower Awards, National Law Review (March 2017)
- SEC Awards for Disclosures of Foreign Bribery or FCPA Violations, National Law Review (March 2017)
- Whistleblower Rewards and Bounties for Disclosures of Market Manipulation Schemes, National Law Review (February 2017)
- SEC Targeting Investment Adviser Fraud, National Law Review (February 2017)
- Compliance Personnel, Auditors, Officers and Directors Can Obtain SEC Whistleblower Awards, National Law Review (February 2017)
- SEC Whistleblower Program: What is the SEC Form TCR?, National Law Review (February 2017)
- Tale of Two Whistleblowers: Lessons Learned from Today’s SEC Whistleblower Award, National Law Review (December 2016)
- Trump Administration Should Avoid Gutting SEC’s Remarkably Successful Whistleblower Reward Program, National Law Review (November 2016)
- Whistleblowers Help CFTC Obtain Record Penalties for Commodities Fraud, National Law Review (November 2016)
- Report Underscores Importance of Whistleblower Rewards and Protections for Internal Auditors, National Law Review (November 2016)
- Whistleblower Protections and Incentives for Auditors and Accountants, Accounting Today (May 2016)
Mr. Stock is admitted to practice in Florida and Washington, DC.