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SEC Whistleblower Lawyer Blog

Articles Posted in CFTC Whistleblower

While you may be aware of the SEC’s whistleblower program, which has awarded hundreds of millions of dollars to those offering information and assistance to the agency in cracking cases and successful enforcement actions, you may not know that the Commodity Futures Trading Commission (CFTC) also has a whistleblower program.  Like the SEC’s program, monetary awards paid to whistleblowers come from the Congressional-established CFTC Customer Protection Fund. The fund is solely financed from monetary sanctions paid to the CFTC by violators of the Commodities Exchange Act (CEA.)  Corrupt Practices Bulletin  The CFTC recently published a news release regarding whistleblowers and corrupt practices. That is, improper payments or other incentives intended to influence government agents or officials. Commonly known as “bribes” or “kickbacks,”  these corrupt practices may include:While you may be aware of the SEC’s whistleblower program, which has awarded hundreds of millions of dollars to those offering information and assistance to the agency in cracking cases and successful enforcement actions, you may not know that the Commodity Futures Trading Commission (CFTC) also has a whistleblower program. Continue reading

The Commodities Futures Trading Commission (CFTC) has announced a whistleblower award without revealing the dollar amount of the award in order to protect the whistleblower’s identity. The CFTC may be making a habit of withholding the amount of whistleblower awards. Whistleblower attorney Scott Silver calls it “An important additional step that insulates whistleblowers from being identified and facing personal and professional retaliation.” CFTC Whistleblower Award On September 4, 2020, the CFTC announced that a whistleblower provided a tip that helped to stop fraudulent activity that was harming investors. According to the CFTC’s website, their whistleblower program “provides monetary incentives to individuals who report possible violations of the Commodity Exchange Act that lead to a successful enforcement action, as well as privacy, and anti-retaliation protections for whistleblowers.”The Commodities Futures Trading Commission (CFTC) has announced a whistleblower award without revealing the dollar amount of the award in order to protect the whistleblower’s identity.

The CFTC may be making a habit of withholding the amount of whistleblower awards. Whistleblower attorney Scott Silver calls it “An important additional step that insulates whistleblowers from being identified and facing personal and professional retaliation.” Continue reading

The CFTC (Commodities Futures Trading Commission) has announced that it will award over $1,000,000 to a whistleblower for providing a tip that helped to expose a scheme that violated the CEA (Commodity Exchange Act). According to the press release, the whistleblower gave information first through their employer’s compliance program to another regulator, then to the CFTC.The CFTC (Commodities Futures Trading Commission) has announced that it will award over $1,000,000 to a whistleblower for providing a tip that helped to expose a scheme that violated the CEA (Commodity Exchange Act).

According to the press release, the whistleblower gave information first through their employer’s compliance program to another regulator, then to the CFTC.

The scheme isn’t named, but the release states that the tip led to charges being filed by the CFTC. Continue reading

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