The Securities and Exchange Commission (SEC) has paid out approximately $119 million to 20 whistleblowers in the past 10 months, a trend the agency continued Tuesday when it announced a $3.8 million award.

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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:...