Seven Whistleblowers Share $28 Million SEC Award for Giving Tips

Seven tipsters will split more than $28 million in awards for helping the US Securities and Exchange Commission bring an enforcement action.

“These whistleblowers provided valuable information and substantial assistance that played a critical role in the SEC returning millions of dollars to harmed investors,” Creola Kelly, head of the agency’s whistleblower office, said in a statement Friday.

The SEC said that the award would be shared by one claimant and two sets of joint claimants. The first person will receive the biggest award of more than $13 million, according to an order from the agency.

The enforcement action and ...