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SEC awards nearly $2 million in latest blockbuster whistleblower payout

Bruce Carton | March 9, 2016

The SEC announced another blockbuster whistleblower award yesterday. The agency stated that it will pay nearly $2 million to three whistleblowers in a case -- including a payment of approximately $1.8 million to one of the three whistleblowers. The other two whistleblowers will receive approximately $65,000 each. The SEC did not identify any of the three whistleblowers receiving the awards, noting that it protects the confidentiality of whistleblowers.

The $1.8 million award in this case appears to be the fourth largest on record, trailing only the following awards:

  1. $30 million award (announced Sept. 22, 2014)
  2. $14 million award (announced Oct. 1, 2013)
  3. $3 million award (...
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