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$33M SEC whistleblower award sets agency record

The three whistleblowers helped an SEC investigation into Bank of America Corp.'s Merrill Lynch brokerage.

By C. Ryan Barber | Updated on March 19, 2018
SEC building The SEC’s recent award to whistleblowers is the largest ever. (Photo: AP)

Updated at 1:54 p.m. 

The U.S. Securities and Exchange Commission on Monday awarded a whistleblower more than $33 million—the largest bounty issued in the seven-year history of the agency’s program for rewarding tipsters—for tipping off authorities about misconduct at Merrill Lynch.

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