Paradigm, CL Ousted Trader Over Whistleblowing, Suit Says

Law360, New York (September 12, 2012, 4:49 PM EDT) -- The ex-head trader at Paradigm Capital Management Inc. and C.L. King & Associates Inc. on Monday brought a whistleblower retaliation case against his former employers, alleging he was sidelined and forced to resign after he reported suspect trading activity to the U.S. Securities and Exchange Commission.

James Nordgaard, who lodged the suit pursuant to the Dodd-Frank Act, says that following his futile attempts at alerting senior management to a number of trading violations taking place at the integrated enterprise, he was compelled to disclose the wrongdoing...
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