The Commodity Futures Trading Commission has awarded a whistleblower $2.5 million for assisting it in an investigation, but the award could have been larger if the report was made sooner, the CFTC said.
That was the broader message from the CFTC in paying the whistleblower. “Although this award was substantial, it was reduced because of an unreasonable delay in reporting the violations,” said James McDonald, director of the CFTC’s Division of Enforcement. “We hope this case illustrates the importance of reporting violations to the CFTC as soon as reasonably possible.”
