The SEC has paid out about $376 million since issuing its first award in 2012. (Photo: Diego M. Radzinschi/ALM)
(Bloomberg) –The Securities and Exchange Commission agreed to pay a total of $50 million to a pair of whistleblowers who provided information that helped Wall Street's main regulator bring a successful enforcement case.
One of the informants will get $37 million, the third-biggest payout in the history of the SEC's whistleblower program, the agency said in a statement Tuesday. The SEC didn't name the company involved or the people getting the awards, but said the two provided high-quality assistance.
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