The U.S. Securities and Exchange Commission announced on Tuesday that it has awarded more than $4.1 million to a whistleblower who provided key original information that led to a successful enforcement action under the agency’s Dodd-Frank powers.

The award will be the third made in a week by the SEC’s six-year-old whistleblower office. The top US regulator forks the decent sum to a former company insider who provided information that led directly to enforcement in an undisclosed securities case.

The SEC said the latest whistleblower alerted the agency to a widespread, multi-year securities law violation and continued to provide important information and assistance ... (read more)