The big guys at Putnam Investments pay fines with the company's money. The small guy who blew the whistle gets nothing for saving investors millions.
Brett Arends of TheStreet.com describes how Peter Scannell, the hero who blew the whistle on late day mutual fund trading at Putnam didn't get the whistle blower reward he deserves.
Brett Arends article on Peter Scannell at TheStreet.com