Merrill Insiders Get $83 Million in SEC Whistle-Blower Awards

• Three individuals helped agency bring 2016 case, lawyer says • SEC didn’t name people involved, citing confidentiality rules

Three Merrill Lynch insiders will get more than $83 million from the U.S. Securities and Exchange Commission -- the biggest-ever payouts -- for providing information that helped the agency bring a 2016 case against Bank of America Corp., their attorney said Monday.

Two of the people will split $50 million and a third will get an award of more than $33 million for providing help in the same case, the SEC said in its statement Monday. The agency gave no information on the three tipsters or ...