Whistleblowers take home combined US$570,000 for enforcement tips
A whistleblower tipped off the SEC and assisted in an investigation
The group says investors need greater protections and oversight in private offerings
Scammers purportedly posed as real reps to deceive investors
Regulator adopts mutual funds' "layered" disclosure model for insurance products
The SEC said operations would not be affected
Awards would be capped at US$10 million
Both the U.K. and U.S. regulators have issued statements
The SEC seeks comment on rules that aim to prevent investor deception
The SEC found some reps recommended funds they didn't understand