Difference between revisions of "CFTC Whistleblower Program"

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='''Overview'''=
='''Overview'''=
The CFTC Whistleblower Reward Program provides whistleblowers with a strong monetary incentive, as well as anti-retaliation protections, for reporting wrongdoing to the CFTC. This includes violations or fraud in connection with:
The CFTC Whistleblower Reward Program provides whistleblowers with a strong monetary incentive, as well as anti-retaliation protections, for reporting wrongdoing to the CFTC. This includes violations or fraud in connection with:
*Commodity futures;
*Commodity futures
*Commodity options;
*Commodity options
*Swap trading markets;
*[https://www.zuckermanlaw.com/swap-reporting-cftc-whistleblower-lawyers/ Swap trading markets]
*Derivatives; and
*Derivatives
*Foreign corrupt practices.
*[https://www.whistleblower.gov/sites/whistleblower/files/2019-06/FCPA%20WBO%20Alert.pdf Foreign corrupt practices]


Approximately 65% of whistleblower cases filed at the CFTC involved charges of commodities fraud, market manipulation schemes and spoofing. Whistleblower tips to CFTC have helped drive record-level enforcement activity.
Approximately 65% of whistleblower cases filed at the CFTC involved charges of commodities fraud, [https://www.zuckermanlaw.com/rewards-and-bounties-for-whistleblowers/market-manipulation-whistleblower-lawyers/ market manipulation schemes] and spoofing. Whistleblower tips to CFTC have helped [https://www.zuckermanlaw.com/cftc_whistleblower_rewards_attorneys/ drive record-level enforcement activity.]


Since 2014, the CFTC has issued more than $120 million in awards to whistleblowers. The largest CFTC whistleblower awards to date are $45 million, $30 million, and $10 million. Whistleblower disclosures have enabled the CFTC to recover nearly $1 billion.
Since 2014, the CFTC has issued more than [https://www.whistleblower.gov/ $120 million in awards] to whistleblowers. The [https://www.zuckermanlaw.com/sp_faq/largest-cftc-whistleblower-awards/ largest CFTC whistleblower awards] to date are $45 million, $30 million, and $10 million. Whistleblower disclosures have enabled the CFTC to recover nearly $1 billion.


Under the CFTC Whistleblower Reward Program, the CFTC will issue rewards to whistleblowers who provide original information that leads to CFTC enforcement actions with total civil penalties in excess of $1 million (see how the CFTC calculates monetary sanctions). A whistleblower may receive an award of between 10% and 30% of the total monetary sanctions collected.
Under the CFTC Whistleblower Reward Program, the CFTC will issue rewards to whistleblowers who provide original information that leads to CFTC enforcement actions with total civil penalties in excess of $1 million (see [https://www.cftc.gov/PressRoom/PressReleases/8165-20 how the CFTC calculates monetary sanctions]). A whistleblower may receive an award of between 10% and 30% of the total monetary sanctions collected.


Original information “leads to” a successful enforcement action if either:
Original information “leads to” a successful enforcement action if either:
#The original information caused the staff to open an investigation, reopen an investigation, or inquire into different conduct as part of a current investigation, and the Commission brought a successful action based in whole or in part on conduct that was the subject of the original information; or
#The conduct was already under examination or investigation, and the original information significantly contributed to the success of the action.


The original information caused the staff to open an investigation, reopen an investigation, or inquire into different conduct as part of a current investigation, and the Commission brought a successful action based in whole or in part on conduct that was the subject of the original information; or
The conduct was already under examination or investigation, and the original information significantly contributed to the success of the action.
In determining a reward percentage, the CFTC considers the particular facts and circumstances of each case. For example, positive factors may include the significance of the information, the level of assistance provided by the whistleblower and the whistleblower’s attorney, and the law enforcement interests at stake.
In determining a reward percentage, the CFTC considers the particular facts and circumstances of each case. For example, positive factors may include the significance of the information, the level of assistance provided by the whistleblower and the whistleblower’s attorney, and the law enforcement interests at stake.


Whistleblowers may still be eligible for a reward under the CFTC Whistleblower Reward Program even if they have already received a reward under the SEC Whistleblower Reward Program.
Whistleblowers may still be eligible for a reward under the CFTC Whistleblower Reward Program even if they have already received a reward under the [https://www.zuckermanlaw.com/sec-whistleblower-lawyers/ SEC Whistleblower Reward Program.]


='''Anonymous Whistleblowing to the CFTC'''=
='''Anonymous Whistleblowing to the CFTC'''=