Article: A whistleblower just took home $50 million — the biggest award the SEC has ever paid

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A whistleblower just took home $50 million — the biggest award the SEC has ever paid

Jordan Valinsky

CNN, 5 June 2020

The US Securities and Exchange Commission has paid out its largest-ever whistleblower award — nearly $50 million.

The whistleblower tipped off the agency to a currency manipulation scheme at a massive bank, resulting in a “successful enforcement action,” the SEC said Thursday.
The Wall Street Journal, which conducted an investigation about the scheme, reported the whistleblower is a trader from Bank of New York Mellon (BKPRC) who alerted the SEC about the bank’s reported pattern of “overcharging big clients on currency trades.”

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Subject: Mark Wilson

Subject of Interest

Mark Wilson serves on the Board of Directors at BlackRock, Inc. Wilson served as the Chief Executive Officer of Aviva plc, a multinational insurance company headquartered in the UK, from January 2013 to October 2018. Prior to joining Aviva, he worked in Asia for 14 years, including as Chief Executive Officer of AIA Group Limited, a leading pan-Asian company. He graduated from the University of Waikato. 

Biography

Black Rock, Inc