SEC Issues Multimillion Dollar Whistleblower Award

The SEC announced a $3 million dollar whistleblower award to a company insider whose information helped the SEC "crack a complex fraud." According to the SEC, this payout is the third highest award to date under the SEC's Whistleblower program. Since its inception, the SEC "has paid more than $50 million to 18 whistleblowers." Approximately $47 million of the payments have been made to just three of the whistleblowers, including this one.

See: SEC Press Release. See also: Exchange Act Rule 21-F.