SEC Gives Whistle-Blower $110 Million in Payout

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(Bloomberg) — The U.S. Securities and Exchange Commission awarded $110 million to a tipster whose information resulted in enforcement actions, bringing total payments under the agency’s whistle-blower program to more than $1 billion.

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The tipster’s award, the second-largest ever, includes $40 million from the SEC and $70 million from a related action brought by another agency, according to a statement Wednesday. Under the SEC’s whistle-blower program, tipsters can be paid for information that prompts sanctions by another agency.

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