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Monday, September 22, 2014

SEC announces $30M payout in largest whistleblower award

An anonymous tipster living abroad will receive $30 million in the largest whistleblower award ever doled out by U.S. securities regulators as part of a program that aims to encourage insiders to report wrongdoing. The Securities and Exchange Commission said on Monday that the whistleblower provided crucial information that helped investigators uncover a "difficult to detect" ongoing fraud.



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