<story><title>SEC issues more than $17M award to a whistleblower</title><url>https://www.sec.gov/news/press-release/2022-125</url></story><parent_chain><item><author>chollida1</author><text>&amp;gt; The SEC has awarded approximately $1.3 billion to 278 individuals since issuing its first award in 2012.&lt;p&gt;That&amp;#x27;s either alot of corruption that&amp;#x27;s been caught due to whistleblower rewards or an indication of the amount of corruption in the US if you are more cynical.&lt;p&gt;Whsitleblower&amp;#x27;s are eligible for 10 to 30% of the money collected from fines, so the SEC is also making alot of money from this as well.&lt;p&gt;Here&amp;#x27;s the list they maintain if you want to look:&lt;p&gt;&lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;www.sec.gov&amp;#x2F;whistleblower&amp;#x2F;pressreleases&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;www.sec.gov&amp;#x2F;whistleblower&amp;#x2F;pressreleases&lt;/a&gt;</text></item></parent_chain><comment><author>gumby</author><text>&amp;gt; That&amp;#x27;s either alot of corruption that&amp;#x27;s been caught due to whistleblower rewards or an indication of the amount of corruption in the US if you are more cynical.&lt;p&gt;Given a stock market of around $100T (and the SEC covers more than stocks) it would argue for a rather small amount of corruption, were it the only signal.&lt;p&gt;In fact I believe the corruption at this level is quite small.  Really, why bother when you can do it wholesale (e.g. telecoms simply capturing the regulators)?&lt;p&gt;&amp;gt; Whsitleblower&amp;#x27;s are eligible for 10 to 30% of the money collected from fines, so the SEC is also making alot of money from this as well.&lt;p&gt;These fines go to the treasury; it&amp;#x27;s not like they fund operations from it.&lt;p&gt;BTW civil forfeiture, if you even believe in it at all, should go to the state or federal general funds.  The current system is simply legalized theft.</text></comment>
<story><title>SEC issues more than $17M award to a whistleblower</title><url>https://www.sec.gov/news/press-release/2022-125</url></story><parent_chain><item><author>chollida1</author><text>&amp;gt; The SEC has awarded approximately $1.3 billion to 278 individuals since issuing its first award in 2012.&lt;p&gt;That&amp;#x27;s either alot of corruption that&amp;#x27;s been caught due to whistleblower rewards or an indication of the amount of corruption in the US if you are more cynical.&lt;p&gt;Whsitleblower&amp;#x27;s are eligible for 10 to 30% of the money collected from fines, so the SEC is also making alot of money from this as well.&lt;p&gt;Here&amp;#x27;s the list they maintain if you want to look:&lt;p&gt;&lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;www.sec.gov&amp;#x2F;whistleblower&amp;#x2F;pressreleases&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;www.sec.gov&amp;#x2F;whistleblower&amp;#x2F;pressreleases&lt;/a&gt;</text></item></parent_chain><comment><author>2OEH8eoCRo0</author><text>The US is huge. 278 whistleblowers from 2012 to present is not bad at all.</text></comment>