HFT critic wins SEC whistleblower award

• Eric Hunsader confirms he is the recipient of more than $700K from the SEC for work he did that led to a $5M fine in 2012 against the NYSE (NYSE:ICE).
• It's the first whistleblower award by the SEC under the Dodd-Frank laws.
• Hunsader said his firm, Nanex, originally discovered the issue on the day of the flash crash in May 2010. Even today, says Hunsader, the SEC's market analysis tool would be unable to spot the issue were it to happen again.
• On the award: "I would have accepted $1 if you simply acknowledged me at the time."
• Hunsader's chronology