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.
