Government Agencies

SEC awards record $14 million to whistleblower

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U.S. securities regulators announced Tuesday they have awarded a record $14 million to a whistleblower who helped enforcement lawyers with an investigation that helped recover "substantial" investor funds.

This marks the largest-ever whistleblower award the Securities and Exchange Commission has paid out since it launched its new whistleblower incentive program under the 2010 Dodd-Frank Wall Street reform law.

The SEC did not identify the case, saying the whistleblower wishes to remain anonymous.

—By Reuters.