The Commodity Futures Trading Commission (“CFTC”) announced an award of approximately $3 million to a whistleblower whose “specific, credible, and timely tip led the CFTC to open an investigation and ultimately bring a successful enforcement action.”  According to the CFTC, tips from whistleblowers have led to enforcement actions by the agency that have resulted in monetary sanctions totaling more than $1 billion.

Read the CFTC Press Release here.

Like the SEC whistleblower program, the CFTC whistleblower program, created under the Dodd-Frank Wall Street Reform and Consumer Protection Act, makes whistleblowers eligible to receive between 10 and 30 percent of monetary sanctions collected by the agency as a result of enforcement actions undertaken because of a whistleblower’s tip. 

Click here to learn more about G&G’s leading whistleblower practice.