SEC gives whistleblower $ 110 million for second biggest payout

The The United States Securities and Exchange Commission awarded $ 110 million to an informant whose information resulted in enforcement action, bringing the total payments under the agency’s whistleblower program to more than ‘a billion dollars.

The tipster’s award, the second-largest ever, includes $ 40 million from the SEC and $ 70 million from a related action brought by another agency, according to a statement Wednesday. Under the SEC’s whistleblower program, informants can be paid for information that results in sanctions by another agency.