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SEC Forces Whistleblower To Spend Award On Unpaid Judgment

By Ed Beeson ( April 7, 2016, 6:43 PM EDT) -- The SEC giveth, and the SEC taketh away: In an unusual order, the U.S. Securities and Exchange Commission has granted a whistleblower a more than $275,000 bounty for helping the agency bring an enforcement action, but then said at least some of the proceeds must be used to pay off an outstanding judgment....

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