X

CFTC Grants Largest Whistleblower Award

The CFTC granted its largest-ever whistleblower award to an individual who reported information that resulted in a successful enforcement action.

The individual received $30 million for reporting CEA violations that led to monetary sanctions. The previous record high was $10 million. Whistleblowers may receive awards amounting to between 10 and 30 percent of monetary sanctions imposed by the CFTC in enforcement actions where the monetary sanction imposed exceeds $1,000,000.

Primary Sources

  1. CFTC Press Release: CFTC Announces Its Largest-Ever Whistleblower Award of Approximately $30 Million
  2. CFTC Order Determining Whistleblower Award Claims

Tags

Regulated Activities
Enforcement Procedures
Sub-Activity
Whistleblowing
Body of Law
CEA Regulation
Jurisdiction
US - Federal
Organization
CFTC, NFA, CFTC Markets
Sub-Author
CFTC