The Securities and Exchange Commission has awarded a record $50 million payout through its Whistleblower Program to an individual who provided "detailed, firsthand observations of misconduct by a company" that led to enforcement action returning "a significant amount of money to harmed investors." “This award marks several milestones for the whistleblower program,” said Jane Norberg, chief of the SEC’s Office of the Whistleblower, in an agency release Thursday. "Whistleblowers have proven to be a critical tool in the enforcement arsenal to combat fraud and protect investors.” The award is the largest amount given to a single individual under the SEC...
