SEC Whistleblower Lawyer Blog
Two whistleblowers have been awarded more than $1.8 million after submitting information and assistance to the CFTC that led to a successful covered enforcement action.
Although there were seven claimants in this case, only two were awarded based on timely and original information submitted to the CFTC, which led to the case’s success. Both whistleblowers continued to provide considerable assistance to CFTC staff, affiliated law enforcement, and other departments throughout the case, from its inception to its conclusion.
The remaining five were denied an award since no one contributed to the case resolution.
The CFTC’s recent award illustrates the impact of tips in complex commodities and derivatives cases, where fraud often spans borders and markets. In fiscal year 2023 alone, the agency received over 1,500 whistleblower tips, reflecting growing awareness of the program among market participants and insiders. Many modern cases involve digital assets, spoofing, and manipulative trading strategies, underscoring the CFTC’s expanding focus beyond traditional futures markets.
Awards like this one are also designed to incentivize continued cooperation throughout an investigation, not just a one-time disclosure. Whistleblowers frequently help interpret complex trading records, explain internal communications, and identify additional witnesses or schemes. The CFTC has noted that tips sometimes prompt parallel actions by other domestic or foreign regulators, multiplying the potential impact of a single report and increasing the overall deterrent effect in global commodities markets.
Retaining Experienced CFTC Whistleblower Attorneys
Whistleblowers help everyone by notifying the CFTC of conduct that harms the investing public, while also earning financial compensation for themselves. Hiring experienced counsel may greatly increase the probability that the CFTC will initiate an investigation based on your information. If you wish to remain anonymous, you must be represented by an attorney, who will submit everything on your behalf.
Silver Law Group and the Law Firm of David R. Chase jointly have experienced CFTC and SEC whistleblower lawyers, including a former SEC Enforcement attorney on the team, so you will always have guidance throughout the process. Our attorneys can help if you have information regarding securities or investment fraud, violations of federal securities laws, false filings, market manipulation, or other misconduct. You must provide timely, credible, and original information or analysis to be eligible.
Contact us through our online form or at (800) 975-4345 for a consultation. Our attorneys work on a contingency fee basis. This means that it costs you nothing to hire us, and we collect our fees only if you receive an SEC bounty. Because we get paid when you do, we have the incentive to help you collect the maximum award available.