The SEC has paidout about $376 million since issuing its first award in 2012.(Photo: Diego M. Radzinschi/ALM)
(Bloomberg) –The Securities and ExchangeCommission agreed to pay a total of $50 million to apair of whistleblowers who provided information that helpedWall Street's main regulator bring a successfulenforcement case.
One of the informants will get $37 million, the third-biggestpayout in the history of the SEC's whistleblower program, theagency said in a statement Tuesday. The SEC didn't name the companyinvolved or the people getting the awards, but said the twoprovided high-quality assistance.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.