‘Persistent’ Tipster Gets $10 Million Award for Aiding SEC Case

The U.S. Securities and Exchange Commission will pay $10 million to a whistle-blower whose “persistent efforts” to expose financial misconduct helped the agency bring a successful enforcement action. The reward recognizes the tipster’s “extensive and ongoing assistance to the investigative team over the course of the investigation, including identifying witnesses and helping staff understand complex fact patterns and issues related to the matters under investigation,” the SEC said in a statement Monday. The person helped the SEC devise its investigative plan and craft its initial document requests, even … (full story)

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