IN THE NEWS: SEC PAYS RECORD WHISTLEBLOWER SETTLEMENT
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IN THE NEWS: SEC PAYS RECORD WHISTLEBLOWER SETTLEMENT

March 19, 2018 - Three whistleblowers inside of Merrill Lynch will share an $83 million dollar settlement from the Securities and Exchange Commission (SEC) rewarding them for supplying vital information in building a 2016 case against Bank of America Corp. Two tipsters will split $55 million and a third will get more than $33 million—a record for a single payment from the SEC. Their assistance helped the SEC garner a $415 million settlement from the bank.