SEC whistleblower payouts top $1 billion total as securities watchdog announces near-record award

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U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler testifies before a Senate Banking, Housing, and Urban Affairs Committee oversight hearing on the SEC on Capitol Hill in Washington, September 14, 2021.Evelyn Hockstein | Pool | ReutersThe Securities and Exchange Commission on Wednesday said the total amount of payouts it had made to whistleblowers had topped $1 billion after the financial watchdog issued its second-largest ever award to a person for flagging wrongdoing.The SEC said one person this week was paid a combined $110 million for information and assistance that led to successful enforcement actions by the SEC and other entities.About $40 million of that payout was connected to an SEC case, with the remainder from related actions by another, unidentified agency.That total was close to the record $114 million award issued last October by the regulator, which began paying bounties to whistleblowers in 2012.Another individual recently received a $4 million a
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