In addition, the regulator’s whistleblower program, introduced this summer, has already received more than 30 tips from prospective whistleblowers
Whistleblower awards top US$100 million
U.S. health insurer introduced a provision that would deter departing employees from filing applications for SEC whistleblower awards
BlueLinx must pay a US$265,000 penalty for requiring outgoing employees to waive their rights to monetary rewards if they file a complaint
The new program promises to pay rewards of up to $5 million for original information of industry misconduct that results in successful enforcement action
The program will protect tipsters, but will not offer monetary rewards
Regulator prepared to pay for information that uncovers major industry misconduct
The program has paid out more than US$85 million to 32 whistleblowers since it was launched in 2011
The U.S. regulator has paid US$10 million to whistleblowers this week
Award is SEC program’s third highest to date