Carson Block, Nate Anderson Become SEC Tipsters for Cash Payouts
- Short sellers offer leads to agency’s whistleblower program
- Tipsters can get a piece of the action when fines are levied
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Wall Street’s cops are finding themselves partnered with an unlikely star witness against misbehaving firms: short sellers.
Alongside their public reports, short sellers are quietly sharing their research about sketchy accounting and other misdeeds with the US Securities and Exchange Commission’s whistleblower office in hopes of making some extra money.