• AML
  • Qui Tam
  • SEC
  • CFTC
  • FCPA
  • FAQS
Demand Protections for Artificial Intelligence Whistleblowers | Take Action!
Subscribe
Donate
Get Help
No Result
View All Result
Whistleblower Network News
The Truth at Any Cost.
Qui Tam, Compliance and Anti-Corruption News.
Whistleblower Network News
No Result
View All Result
Home Commodities

CFTC Whistleblower Program in Danger of Collapse as Funding Fix is Set to Expire

Geoff SchwellerbyGeoff Schweller
September 12, 2024
in Commodities
Reading Time: 3 mins read
CFTC Whistleblower Program
Share on TwitterShare on FacebookShare on LinkedInEmail

For the past several years, the Commodity Futures Trading Commission (CFTC) Whistleblower Program has faced a funding crisis. An emergency fix passed by Congress in 2021 is set to expire at the end of September and the hugely successful program is in danger of collapsing. Whistleblower advocates are calling on Congress to act immediately and pass another emergency fix to save the program.

The CFTC Whistleblower Program, which offers monetary awards and anti-retaliation protections to whistleblowers, has allowed the CFTC to recover over $3.2 billion from fraudsters since it was established in 2010. It has correspondingly awarded over $370 million to qualified whistleblowers. According to the CFTC, approximately 30% of all the agency’s enforcement actions involve whistleblowers.

The program is in danger of being a victim of its own success, however. When it established the program, Congress placed a $100 million cap on the fund used to finance the CFTC Whistleblower Office and pay out whistleblower awards. This fund is entirely financed by sanctions collected through the program, but any sanctions that would exceed the cap are instead placed into the U.S. Department of the Treasury’s general fund.

Register for National Whistleblower Day Register for National Whistleblower Day Register for National Whistleblower Day

Thus, while the program has collected billions of sanctions, only a small percentage of that is placed into the fund. And large sanctions also mean large awards (whistleblowers are eligible for awards of 10-30% of the sanctions collected in the action aided by the disclosure). Due to the cap on the fund, large awards therefore threaten to completely deplete the fund.

In 2021, Congress passed an emergency short-term fix to save the program from collapse by creating a separate fund to finance the CFTC Whistleblower Office. This ensured that even if large awards depleted the fund, the Office could continue to function.

This emergency fix is set to expire at the end of September, which would leave the CFTC Whistleblower Program in danger of financial collapse.

National Whistleblower Center (NWC) is calling on Congress to immediately pass emergency legislation to extend the separate funding for the CFTC Whistleblower Office in order to ensure this vital program does not become a victim of its own success.

NWC has set up an Action Alert allowing whistleblower supporters to write to their members of Congress calling for immediate action on the issue.

Join NWC in Taking Action:

Save the CFTC Whistleblower Program from Financial Collapse

Further Reading:

CFTC Whistleblower Program at Risk Without Lawmakers’ Help

Previous Post

Leading Whistleblower Attorney Addresses UN Human Rights Council

Next Post

IRS Whistleblower Office Updates Organizational Structure as Part of Reform Efforts

Geoff Schweller

Geoff Schweller

Geoff Schweller is the Assistant News Editor for Whistleblower Network News. He coordinates news coverage, and also writes about breaking whistleblower news, SEC whistleblowers, IRS whistleblowers, CFTC whistleblowers, and federal employee whistleblowers. Geoff graduated from Hamilton College with a degree in Sociology and minors in French & Francophone Studies and Cinema & New Media Studies.

Next Post
IRS

IRS Whistleblower Office Updates Organizational Structure as Part of Reform Efforts

Receive Daily Alerts

Subscribe to receive daily breaking news and legislative developments sent to your inbox.

  • This field is for validation purposes and should be left unchanged.

Most Popular

CFTC Awards $700,000 to Whistleblower for “Courage” and “Critical Role in Enforcement Efforts”

Whistleblowers to Receive Up to $920K after Alleging Fraud in Breast Cancer Testing

Supreme Court Upholds, For Now, Trump Firing of MSPB Chair

Whistleblower Suit Leads to $3.3 Million Stark Law Settlement

Paper Outlines Founding Father’s Warnings As Trump Goes After Key Whistleblower Appointees

Whistleblower Receives $5 Million for Exposing California Health System’s Alleged Kickback Scheme

Whistleblower Poll

Whistleblower Poll
Whistleblower Poll

Exclusive Marist Poll: Overwhelming Public Support Among Likely Voters For Increased Whistleblower Protections

byGeoff Schweller
October 6, 2020

ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT

STAY INFORMED.
Subscribe to receive breaking whistleblower updates.

  • This field is for validation purposes and should be left unchanged.

About Us

  • About
  • Contact Us
  • Donate
  • Careers

Subscribe

  • Daily Mail
  • Follow us on Twitter
  • YouTube Channel

Contribute

  • Letter to the Editor
  • Submission Guidelines
  • Reprint Guidelines

Your Experience

  • Accessibility Statement
  • Privacy Policy
  • Terms of Use

Help

  • Rules for Whistleblowers
  • Frequently Asked Questions
  • Advertise
Whistleblower Network News

Whistleblower Network News is an independent online newspaper providing our readers with up-to-date information on whistleblowing. Our goal is to be the best source of information on important qui tam, anti-corruption, compliance, and whistleblower law developments.

Submit an Article

Copyright © 2025, Whistleblower Network News. All Rights Reserved.

This Newspaper/Web Site is made available by the publisher for educational purposes only as well as to give you general information and a general understanding of the law, not to provide specific legal advice. By using this website, you understand that there is no attorney-client relationship between you and the Newspaper/Web Site publisher. The Newspaper/Web Site should not be used as a substitute for competent legal advice from a licensed professional attorney in your state.

Become a Whistleblower Network News Subscriber

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Subscribe to WNN

Retrieve your password

Please enter your username or email address to reset your password.

Subscribe to WNN
Join the Waitlist for National Whistleblower Day 2025! July 30, 2025 on Capitol Hill
JOIN WAITLIST

Add New Playlist

Demand Protections for Artificial Intelligence Whistleblowers

Take Action!
No Result
View All Result
  • Exclusives
  • Government
    • False Claims-Qui Tam
    • Federal Employees
    • Intelligence
  • Corporate
    • CFTC & Commodities
    • Dodd-Frank
    • IRS & Tax
    • SEC & Securities
  • Features
  • Legislation
  • International
    • Foreign Corruption
  • Rewards
  • Whistleblower of the Week
  • Environment & Climate
  • Opinion
  • Editorial
  • Employment
    • Sarbanes-Oxley Whistleblowers
    • Retaliation
    • OSHA
  • Make National Whistleblower Day Permanent
  • Media
    • Podcasts
    • Videos
    • Webinars
    • National Whistleblower Day
  • Whistleblower Poll
  • Whistleblower Resources
    • Frequently Asked Questions
    • Resources for Locating An Attorney
    • The New Whistleblowers Handbook

Copyright © 2024, Whistleblower Network News. All Rights Reserved.

Go to mobile version