CFTC whistleblower reward Archives

CFTC Strengthens Anti-Retaliation Protections for Whistleblowers and Improves CFTC Whistleblower Award Program

On May 22, 2017, the Commodity Futures Trading Commission (CFTC) unanimously approved amendments to its whistleblower rules that strengthen anti-retaliation protections for whistleblowers, prohibit “gag clauses” in employment agreements, and improve the CFTC Whistleblower Award Program. James McDonald, the Director of the CFTC Division of Enforcement, said the CFTC’s “approval of these rules today will … Continued

Whistleblower Rewards and Bounties for Disclosures of Market Manipulation Schemes

On February 3, 2017, the U.S. Commodity Futures Trading Commission (CFTC) charged The Royal Bank of Scotland a $85 million civil monetary penalty for an attempted manipulation of the U.S. Dollar International Swaps and Derivatives Association Fix (USD ISDAFIX) benchmark. According to the CFTC’s Order, RBS bid, offered, and executed transactions in targeted interest rate … Continued

Whistleblowers Help CFTC Obtain Record Penalties for Commodities Fraud

On November 21, 2016, the CFTC released its annual enforcement results for FY 2016. According to the report, the agency filed 68 enforcement cases and obtained orders totaling approximately $1.3 billion in restitution, disgorgement, and penalties. In addition, the CFTC issued a whistleblower award of more than $10 million, marking the largest award since Congress … Continued

CFTC Proposed Regulations Will Protect Whistleblowers and Prohibit Gag Clauses

In a marked shift from its 2011 rulemaking implementing the whistleblower reward provisions of the Dodd-Frank Act, the U.S. Commodity Futures Trading Commission (CFTC) has issued proposed regulations that would authorize the CFTC to take enforcement action for whistleblower retaliation and prohibit gag clauses in employment contracts that deter employees from providing information to the … Continued

Swap Reporting CFTC Whistleblower Lawyers

Swap Dealer Disclosure and Reporting Requirements Under the Dodd-Frank Act, swap dealers and major swap participants are required to comply with certain disclosure, recordkeeping, and reporting requirements related to its swap transactions. This includes the timely and accurate reporting of: swap transaction and pricing data that is reported in real-time and made available … Continued

CFTC Announces Second Whistleblower Award in 2016 as the Agency’s Whistleblower Reward Program Picks Up Steam

By Dallas Hammer Today the CFTC announced it has awarded a whistleblower $50,000 for information provided through its whistleblower award program. In 2010, the Dodd-Frank Act created whistleblower award programs at the SEC and CFTC to provide rewards for whistleblowers who report violations of the securities and commodities laws. This is the fourth award … Continued