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CFTC Still Waiting for Its Whistleblower Program to Bear Significant Results

Bruce Carton | February 8, 2016

The SEC's whistleblower program under Dodd-Frank gets a good bit of media attention, having now issued $55 million in awards to 23 whistleblowers. As I noted here, however, Dodd-Frank quietly required the Commodity Futures Trading Commission to create a whistleblower office, as well, and that office has produced very little in the way of results to date.

As Jean Eaglesham of the WSJ reported yesterday, the CFTC has thus far paid out just two awards totaling $530,000 -- while incurring $4 million in administration costs over the past four years to fund its eight-employee whistleblower...

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