Comment by hn_throwaway_99
Comment by hn_throwaway_99 3 days ago
Do you have any evidence/links that discuss this? I'd be surprised that they'd get any whistleblower fees, because they themselves aren't actually the whistleblower. E.g. a whistleblower usually refers to actual insiders with private knowledge that then "blow the whistle". In Hindenburg's case, they basically just did research anyone is capable of doing (although in many cases, after they became known, they did have whistleblowers reach out to them).
This bounty program doesn’t require being an employee
Astute observers and outsiders - doing the same thing prolific short sellers do - have received some of the biggest bounty payouts
The source is on the SEC’s bounty payout page