Two whistleblowers will share a $50 million award from the SEC and a third will receive a $33 million award, breaking the previous record of $30 million awarded in 2014.
The Securities and Exchange Commission March 19 announced the new record, which brings the total awarded through its whistleblower program to over $262 million since 2012. The awards are the first handed down in 2018.
“We hope that these awards encourage others with specific, high-quality information regarding securities laws violations to step forward and report it to the SEC,” Jane Norberg, chief of the SEC Office of the Whistleblower, said ...
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