CFTC Awards Whistleblowers Approximately $2 Million
The CFTC awarded two whistleblowers approximately $2 million for information that led to a CFTC investigation which "found numerous violations of the Commodity Exchange Act."
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The CFTC awarded approximately $2.5 million to an individual whistleblower for information provided in connection with a CFTC action. Notwithstanding the high nominal amount, the award was reduced to reflect a delay by the whistleblower in reporting the violation to the CFTC.
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The CFTC granted multiple whistleblower awards totaling over $45 million.
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The CFTC awarded approximately $1.5 million to an individual whistleblower for information provided in connection with a CFTC action and a related action brought by another federal regulator.
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The CFTC granted its largest-ever whistleblower award to an individual who voluntarily reported information that resulted in a successful enforcement action.
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The CFTC adopted rule amendments to better protect whistleblowers from retaliation or intimidation by their employers and to establish a new review process for whistleblower claims.
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The CFTC adopted several rule amendments in order to better protect whistleblowers from retaliation and intimidation by their employers, and to establish a new review process for whistleblower claims.