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SEC shatters whistleblower award records with $279M bounty
By 
Kyle Brasseur2023-05-05T15:08:00
The Securities and Exchange Commission (SEC) on Friday announced its largest-ever whistleblower award at nearly $279 million—more than double the agency’s previous record bounty.
The payout is to one individual; two others who tried to claim shares of the award had their petitions denied. The SEC does not reveal details related to whistleblower cases that might identify the award recipient, including the enforcement action the tipster provided information regarding.
Whistleblower awards range from 10 to 30 percent of monetary sanctions collected from an enforcement case.
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