The Securities and Exchange Commission on Thursday announced its largest ever whistleblower award to a single individual at nearly $50 million.

The whistleblower provided “detailed, firsthand observations of misconduct by a company, which resulted in a successful enforcement action that returned a significant amount of money to harmed investors,” the SEC said. The SEC did not release the exact amount of the award in its press release or the order issuing the whistleblower’s claim.

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Aaron Nicodemus is the Editor-in-Chief of Compliance Week. He previously worked as a reporter for Bloomberg Law and as business editor at the Telegram & Gazette in Worcester, Mass. Email: aaron.nicodemus@complianceweek.com LinkedIn:...