Whistleblower Gets Record $14 Million Reward From SEC

10/01/2013 03:53 pm ET

WASHINGTON, Oct 1 (Reuters) - 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. (Reporting by Sarah N. Lynch; Editing by Gerald E. McCormick)

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