The Commodity Futures Trading Commission on Tuesday announced a whistleblower award of more than $6 million to a tipster who voluntarily provided original information that led the CFTC to bring a successful enforcement action.
The CFTC, which provides confidentiality protections for all whistleblowers, said it opened its investigation upon receiving the whistleblower’s information, “which was specific, credible and timely.” The information resulted in charges filed against an entity for violations of the Commodity Exchange Act (CEA). Four other tipsters that came forward regarding this case were denied whistleblower awards.
