It takes courage to blow the whistle on fraud, but it can pay off for tipsters. The Securities and Exchange Commission rewards those who come forward with valuable tips and help with investigations of market malfeasance, and this program can be instructive to indiviudal businesses.
In one week this month the agency announced three monetary awards totaling $10 million for whistleblowers. In a statement, the SEC explained why it pays so much and where the funds come from. Let's take a look.