The SEC Office of the Whistleblower announced today the payment of a $14 million award to an anonymous tipster. This is the largest award to date from the office, which was created under 2010’s Dodd-Frank Act in response to the global financial crisis. Based on the statutory range, the whistleblower’s tip may have allowed the government to recoup as much as $140 million. Sean McKessy, Director of the SEC’s Office of the Whistleblower, also announced that the program has consistently generated high-quality information; McKessy predicted that those tips could result in some “very big numbers” in the near future.

Read the entire article, “Bigger payouts seen for U.S. financial market whistleblowers”

Read the entire press release, “SEC Awards More Than $14 Million to Whistleblower”