SEC Awards $14 Million to Whistleblower Who Exposed Fraud

The Securities and Exchange Commission has awarded about $14 million to a whistleblower who published an online report exposing an ongoing fraud.

• The whistleblower, who days later shared the same information with the SEC, prompted the opening of an investigation which resulted in a successful enforcement action and the return of millions of dollars to harmed investors, SEC said in a statement
• The SEC has awarded about $1.2 billion to 249 individuals since issuing its first award in 2012

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Hari Govind in San Francisco ...