On September 29, 2015, the U.S. Commodity Futures Trading Commission (CFTC) announced that it will make its second award as part of its whistleblower program, which was created by Dodd-Frank. The tipster will receive a bounty of approximately $290,000. Notably absent from the CFTC's press release regarding the award were any details about the whistleblower or the information that led the enforcement action.
The CFTC's first (and only other) whistleblower award was announced in May 2014. However, in May of this year, the Director of the CFTC whistleblower program predicted that the number of whistleblower awards would soon increase as the CFTC receives an increasing number of tips each year.
We will continue to monitor developments as the CFTC issues additional awards.
CFTC Issues Second Whistleblower Award To The Tune Of $290,000
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
