SEC awards another Dodd-Frank whistle-blower prize

For the second time since the Dodd-Frank Act's inception, the Securities and Exchange Commission has issued an award for whistle blowing. Three unnamed recipients will each gain 5% of funds that the SEC collects from Locust Offshore Management and CEO Andrey Hicks. "We are likely to see more awards at a faster pace now that the program has been up and running and the tips we have gotten are leading to successful cases," said Sean McKessy of the SEC Office of the Whistleblower.

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