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The Securities and Exchange Commission’s (SEC) whistleblower program has culminated in an influx of cash being awarded to individuals, having now surpassed the $100 million threshold on the heels of a $22 million reward earlier today, according to an SEC statement.
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Whistleblowing has become a fixture of multiple US regulatory regimes, namely those of the US Commodity Futures Trading Commission (CFTC) and the SEC. Both entities have deployed programs or rewards to individuals in a bid to help support or streamline investigations.
Regulators have to ... (read more)