Whistleblowers Find SEC Rewards Slow and Scarce

One Sunday afternoon last spring, a Securities and Exchange Commission investigator called Yolanda Holtzee at her Seattle home, asking for her help in catching an alleged con man the press dubbed “the Wolf of Montreal.” Ms. Holtzee had been tracking John Babikian, a Bugatti-driving Canadian accused of multimillion-dollar investment scams, and had tipped the agency about him as part of her longtime interest in fraud in the penny-stock markets. More in the Wall Street Journal here.