Latest SEC Bounty To Attract Outside Whistleblowers

Law360, New York (March 1, 2016, 10:04 PM EST) -- Eric Scott Hunsader may not have known it at the time, but his tip to the U.S. Securities and Exchange Commission in 2010 would net him what's believed to be the agency's first whistleblower award to an outside expert. Chances are he's far from the last, as other industry watchers and analysts take advantage of rules written in the wake of the SEC's failure to act on tips about the Bernard Madoff fraud.

A well-known critic of high-frequency trading, Hunsader on Tuesday revealed himself as the tipster who gave the SEC information it needed to bring its landmark 2012 enforcement action...

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