SEC Awards $1 Million for Information Provided in Pequot Case
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The U.S. Securities and Exchange Commission said it will pay $1 million to two people who provided information and documents leading to civil penalties in the Pequot Capital Management Inc. insider-trading case.
The SEC’s award to Glen Kaiser and Karen Kaiser of Southbury, Connecticut, was announced today in a statement on the agency’s website. The award is the largest paid by the SEC for information provided in connection with an insider trading case, the agency said.