In an attempt to save the whistleblower program at the Commodity Futures Trading Commission, the Senate on May 28 approved a bill to create a separate fund to pay CFTC whistleblowers rather than having the office draw on penalties levied against wrongdoers.

The CFTC Fund Management Act (S.409) unanimously passed the Senate, and a similar version of the bill may be considered by the House.

Aaron Nicodemus is the Editor-in-Chief of Compliance Week. He previously worked as a reporter for Bloomberg Law and as business editor at the Telegram & Gazette in Worcester, Mass. Email: aaron.nicodemus@complianceweek.com LinkedIn:...