To Crack Down on Securities Fraud, States Reward Whistleblowers (U.S.)

From the New York Times

In the aftermath of the financial crisis, a growing army of confidential informants — better known as whistleblowers — has helped federal securities regulators identify and prosecute wrongdoers.

Now the same thing is happening at the state level: Securities regulators in two states (so far) are enlisting the aid of these informants to enforce their own fraud statutes and protect residents from financial harm. And the whistleblowers are reaping rewards.

Read the full article.