SEC Gives Whistle-Blower $110 Million in Second-Biggest Payout
- The award brings total disbursements to more than $1 billion
- Wall Street watchdog made payments to 207 tipsters since 2012
The U.S. Securities and Exchange Commission in Washington, D.C.
Photographer: Zach Gibson/BloombergThis article is for subscribers only.
The U.S. Securities and Exchange Commission awarded $110 million to a tipster whose information resulted in enforcement actions, bringing total payments under the agency’s whistle-blower program to more than $1 billion.
The tipster’s award, the second-largest ever, includes $40 million from the SEC and $70 million from a related action brought by another agency, according to a statement Wednesday. Under the SEC’s whistle-blower program, tipsters can be paid for information that prompts sanctions by another agency.