Bonus Watch '14: Whistleblower From Who All Would-Be Whistleblowers Could Learn A Thing Or Two
The Securities and Exchange Commission said Monday that it expects to pay more than $30 million in an award under its whistleblower program, more than double the agency's previous high for a payout under the plan. The SEC didn't name the whistleblower in question, but the regulator did say that it will be the fourth award given to an informant living in a foreign country. "This award of more than $30 million shows the international breadth of our whistleblower program as we effectively utilize valuable tips from anyone, anywhere to bring wrongdoers to justice," Sean McKessy, chief of the SEC's whistleblower office, said in a news release. "Whistleblowers from all over the world should feel similarly incentivized to come forward with credible information about potential violations of the U.S. securities laws." [WSJ]