Whistleblowers are increasingly becoming a key part of the Commodity Futures Trading Commission’s enforcement efforts, as the agency continues to expand its whistleblower program.
In one recent case, the CFTC on Sept. 27 announced it awarded $7 million to a whistleblower who provided the agency with information about misconduct that prompted an investigation and ultimately led to an enforcement action concerning a violation of the Commodity Exchange Act. In a statement, CFTC Director of Enforcement James McDonald said the award demonstrated “how integral whistleblowers have become to our enforcement efforts.”
