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CFTC: First award issued to a foreign whistleblower

Jaclyn Jaeger | July 16, 2018

The Commodity Futures Trading Commission (CFTC) on Monday announced an award of more than $70,000 to a whistleblower who “significantly” contributed to an ongoing CFTC investigation and led the CFTC to a successful settlement. The award is the first made by the CFTC’s Whistleblower Program to a whistleblower living in a foreign country and the sixth award to a whistleblower who provided valuable information about violations of the Commodity Exchange Act (CEA).

 “This award is significant because it signals to whistleblowers around the world that anyone with information about potential violations of the Commodity Exchange Act can participate in the CFTC’s Whistleblower Program,” said James McDonald, director of the CFTC’s Division of Enforcement. “The award also serves as another example of the increasing significance of whistleblowers in our enforcement program, a trend I expect to continue going forward.”...

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