SEC Grants Record $279 Million Whistleblower Award
The US Securities and Exchange Commission (SEC) has awarded its largest ever whistleblower award of nearly $279m to an informant whose information helped the regulator's enforcement action. The SEC did not disclose the case concerned in its statement. Payments to whistleblowers are made out of an investor protection fund that was established by Congress and financed entirely through monetary sanctions paid to the SEC by securities law violators.