Legal
SEC Issues Its Largest-Ever Whistleblower Award of $279 Million
- Amount is more than double the next-largest award to tipster
- Tip didn’t spark investigation, but expanded scope of case
SEC headquarters in Washington, DC.
Photographer: Graeme Sloan/BloombergThis article is for subscribers only.
An undisclosed whistleblower was awarded almost $279 million by the US Securities and Exchange Commission for help in an investigation that led to three different settlements or fines, the regulator announced Friday
The award is more than double the former record of $114 million in October 2020.