• AML
  • Qui Tam
  • SEC
  • CFTC
  • FCPA
  • FAQS
Subscribe
Donate
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 Corporate Dodd-Frank

CFTC Pays Award to Commodities Fraud Whistleblower

Mary Jane WilmothbyMary Jane Wilmoth
April 21, 2020
in Dodd-Frank, News
Reading Time: 2 mins read
CFTC
Share on TwitterShare on FacebookShare on LinkedInEmail

Today, the U.S. Commodity Futures Trading Commission (CFTC) approved a whistleblower award to an individual who “voluntarily provided original information… .that led to successful enforcement action” under the Commodity Exchange Act. The order from the CFTC said the whistleblower’s information was specific, credible and timely. The whistleblower provided invaluable assistance to the CFTC through the investigation.

CFTC whistleblowers who identify fraud in the commodities and derivatives markets can be eligible to receive between 10 and 30 percent of the monetary awards if the information provided to the Commission results in a successful enforcement action of $1 million or more. The CFTC’s order, in this case, did not reveal the amount of the award granted.

“The CFTC’s award today sends a loud message. Fraudsters will be held accountable even in the face of COVID-19. Today’s action by the CFTC honored the strict confidentiality mandated by law. The name of the whistleblower was not revealed, along with other information that could have resulted in identifying this confidential source,” said whistleblower attorney Stephen M. Kohn.

Register for National Whistleblower Day

Established in 2011 under the Dodd-Frank Act, CFTC whistleblowers can remain anonymous. The CFTC provides whistleblowers with confidentiality protections regardless of whether the CFTC ultimately issues awards or proceeds with a case. The CFTC will not disclose any information that could reasonably be expected to reveal a whistleblower’s identity, except in limited circumstances such as in connection with a public proceeding that requires disclosure. The CFTC also protects whistleblowers who report commodities fraud through the whistleblower rewards program from retaliation.

Since issuing its first award in 2014, the CFTC has awarded approximately $100 million to whistleblowers. The Commission actions associated with those awards have resulted in sanctions orders totaling more than $800 million.

Tags: CFTCDodd-Frank ActSecurities and Commodities FraudWhistleblower Rewards
Previous Post

International Whistleblowers Can Receive Huge Financial Rewards Using U.S. Laws Overseas

Next Post

SEC Awards $5 Million to Whistleblower Who Suffered Workplace Retaliation

Mary Jane Wilmoth

Mary Jane Wilmoth

Mary Jane Wilmoth is the publisher of Whistleblower Network News, where she heads the editorial staff. She writes about breaking whistleblower news, and False Claims Act whistleblowers, SEC whistleblowers, IRS whistleblowers, FCPA whistleblowers, and CFTC whistleblowers. Mary Jane is the managing partner at the whistleblower law firm Kohn, Kohn & Colapinto, and a frequent contributor to The Whistleblower and Qui Tam Blog. She is a licensed attorney in the District of Columbia and a graduate of the University of New Hampshire School of Law (formerly Franklin Pierce Law Center).

Next Post
April 2015 SEC Whistleblower Awards List

SEC Awards $5 Million to Whistleblower Who Suffered Workplace Retaliation

Please login to join discussion

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

Calls Grow for Law Protecting AI Whistleblowers

Advocates Detail Need for SEC Whistleblower Reform

Raytheon Whistleblower Receives $1.5 Million for Alleging Cybersecurity Non-Compliance

Ruling Striking Down Trump Order Targeting Law Firm Seen as Crucial for Whistleblowers

MJH Healthcare Settles Whistleblower Allegations of Postal Rate Fraud for $2 Million

Poll Shows Overwhelming Support for Stronger Whistleblower Laws in Australia, Mirroring Polling in US

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
RSVP to National Whistleblower Day 2025! July 30, 2025 on Capitol Hill
RSVP NOW

Add New Playlist

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