SEC Pays Whistle-Blowers $40 Million for Tips on Multiple Frauds
- Four tipsters provided documents, identified key individuals
- Regulator has paid out $1.2 billion since first award in 2012
SEC headquarters in Washington, D.C.
Photographer: Andrew Harrer/Bloomberg
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The U.S. Securities and Exchange Commission will pay more than $40 million to four tipsters for helping the agency bring successful enforcement cases by providing documents and identifying people involved in misconduct.
The agency awarded $37 million to two whistle-blowers who provided evidence that helped the SEC advance its investigation of securities violations. Another tipster received $1.8 million for information that prompted a probe, while a third whistle-blower got $1.5 million for helping shape the agency’s strategy.