The U.S. regulator has paid US$10 million to whistleblowers this week
Award is SEC program’s third highest to date
The information provided led to a successful enforcement action by the commission
The Quebec regulator says confidentiality is the main motivation for whistleblowers to report possible misconduct
Several concerns remain, such as linking payments to monetary sanctions
Researcher’s analysis led to enforcement action
Under the OSC's plan, a tipster could receive a $5-million award
The award could have been higher had the whistleblower not hesitated
Comments on the proposed policy are due by Jan. 12, 2016
The regulator is also continuing its examination into the need for a “best interests” standard for financial advisors