https://www.wsj.com/articles/whistl...ses-at-bny-mellon-gets-50-million-11591303871 ===== SEC makes its largest payment ever for an individual providing a lead on illegal market practices By June 4, 2020 4:51 pm ET Kauzlarich/Bloomberg News A former trader at Bank of New York Mellon Corp. BK 2.80% who alerted authorities to the bank’s pattern of overcharging big clients on currency trades was awarded a $50 million whistleblower payment Thursday. The award, the largest of its type made by the Securities and Exchange Commission, comes more than a decade after the trader, Grant Wilson, began assisting authorities with the currency-trading investigations, according to a person familiar with the matter. The bank paid $714 million in fines and other compensation in 2015 to resolve allegations it defrauded pension funds and other clients related to currency transactions. The investigations were among the broadest enforcement efforts ever against banks that trade in global currencies—one of the world’s biggest financial marketplaces. Large pension funds that invested in global assets on behalf of teachers, police and other retirees learned they were given close to the least-favorable exchange rates of the day, with the bank profiting from the difference. =====