Archive

Hang Onto Your Heart and Wallet this Valentines Day: How to Protect Yourself Against Romance Scams

Posted 02/14/25

With romance scams, the heart isn’t the only thing being stolen. While people are busy falling for sweet words and flirtatious folly, scammers are working their magic to woo people’s wallets across the globe. In time for Valentine’s Day, the Commodity Futures Trading Commission’s Office of Customer Education and Outreach recently launched an awareness program to combat the epidemic of relationship...

Tagged in: CFTC Whistleblower Reward Program,

Top 5 CFTC Recoveries for 2024

Posted 01/28/25

From our recent survey of top SEC fraud recoveries this past year, we found it was not an especially standout year for the securities regulator in terms of big-dollar hauls. It was not necessarily a banner year for the Commodity Futures Trading Commission (CFTC) either in terms of its fraud recoveries. Only five of them brought in 9-digit amounts or higher. But the Number 1 hit -- the eye-popping $12.7 billion...

Tagged in: CFTC Whistleblower Reward Program, Fraud in CFTC-Regulated Markets,

CFTC Promotes Whistleblower Chief Brian Young to Acting Head of Enforcement

Posted 01/27/25

Last week (January 22), Commodity Futures Trading Commission (CFTC) Acting Chair Caroline Pham announced a slew of leadership changes at the commodities regulator. Key among them was elevating current head of the CFTC Whistleblower Office Brian Young to Acting Director of the CFTC's Division of Enforcement. It is a big move for Young who has been with the agency for less than a year. He joined last February...

Tagged in: CFTC Whistleblower Reward Program,

Top Ten Whistleblower Recoveries for 2023

Posted 01/22/24

2023 was another big year for whistleblowers, helping the government recover billions of dollars in dozens of fraud enforcement actions. As usual, virtually all these whistleblower-prompted recoveries were under the government's three primary whistleblower rewards programs -- the False Claims Act, the SEC Whistleblower Program, and the CFTC Whistleblower Program. Successful whistleblowers under each of these...

Tagged in: CFTC Whistleblower Reward Program, FCA Federal, SEC Whistleblower Reward Program, Top 10, Whistleblower Case, Whistleblower Rewards,

Top Ten SEC and CFTC Whistleblower Awards for 2023

Posted 01/16/24

It was a relatively quiet year for the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) in their payout of whistleblower awards under their respective whistleblower programs. Under the SEC Program and CFTC Program -- both enacted under the Dodd-Frank Wall Street Reform and Consumer Protection Act -- whistleblowers who provide information that leads to a successful government...

Tagged in: CFTC Whistleblower Reward Program, Fraud in CFTC-Regulated Markets, SEC Whistleblower Reward Program, Securities Fraud, Top 10, Whistleblower Case, Whistleblower Rewards,

CFTC Makes $18 Million Whistleblower Award

Posted 10/13/23

Screenshot of CFTC Whistleblower Program web page

Yesterday (October 12), the Commodity Futures Trading Commission (CFTC) announced an $18 million whistleblower award. The agency did not disclose the identity of the whistleblower or the associated enforcement action. It never does. The CFTC maintains strict confidentiality over its whistleblowers. All we know is the whistleblower "provided detailed information and assistance," that "was significant in amount...

Tagged in: CFTC Whistleblower Reward Program, Fraud in CFTC-Regulated Markets, Whistleblower Rewards,

CFTC Awards $15 Million to Two Whistleblowers

Posted 09/20/23

Yesterday (September 19), the Commodity Futures Trading Commission (CFTC) announced its award of $15 million to two whistleblowers. Keeping to its commitment of protecting the identity of its whistleblowers, we do not know who the whistleblowers are or the enforcement actions to which the rewards relate. All we know is the whistleblowers "provided significant information and assistance that led the CFTC to bring...

Tagged in: CFTC Whistleblower Reward Program, Whistleblower Case,

Grassley Leads Bipartisan Effort to Shore Up CFTC Whistleblower Program

Posted 07/28/23

On Wednesday (July 26), Senator Chuck Grassley (R-Iowa) announced his bipartisan charge to adopt legislation to strengthen the Commodity Futures Trading Commission (CFTC) Whistleblower Program. This is the program that both encourages and protects individuals for coming forward with information relating to potential violations of the Commodities Exchange Act and rewards them with up to 30 percent of any government...

Tagged in: CFTC Whistleblower Reward Program, Fraud in CFTC-Regulated Markets,

CFTC Whistleblower Alert: Whistleblowers Wanted Relating to Misconduct in Carbon Markets

Posted 06/22/23

On Tuesday, the Commodity Futures Trading Commission (CFTC) issued a Whistleblower Alert calling for help in identifying fraud or manipulation in the carbon markets. The CFTC is the principal federal watchdog for fraud involving the commodities markets. Under the CFTC Whistleblower Program, those who voluntarily provide information that leads to a successful CFTC enforcement action are entitled to an award of up...

Tagged in: CFTC Whistleblower Reward Program, Fraud in CFTC-Regulated Markets, Whistleblower Eligibility,

Top Ten FCPA Recoveries of 2022

Posted 01/13/23

In recent years, the United States government has recovered billions of dollars going after companies that bribe foreign officials in order to further their business interests, a practice that violates the Foreign Corrupt Practices Act (FCPA). Two principal United States government agencies, the Department of Justice and the Securities and Exchange Commission, investigate and prosecute FCPA violations. Whistleblowers...

Tagged in: CFTC Whistleblower Reward Program, Criminal Proceedings, FCPA, Financial and Investment Fraud, SEC Whistleblower Reward Program, Top 10,

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Hang Onto Your Heart and Wallet this Valentines Day: How to Protect Yourself Against Romance Scams

Top 5 CFTC Recoveries for 2024

CFTC Promotes Whistleblower Chief Brian Young to Acting Head of Enforcement

Top Ten Whistleblower Recoveries for 2023

Top Ten SEC and CFTC Whistleblower Awards for 2023

CFTC Makes $18 Million Whistleblower Award

CFTC Awards $15 Million to Two Whistleblowers

Grassley Leads Bipartisan Effort to Shore Up CFTC Whistleblower Program

CFTC Whistleblower Alert: Whistleblowers Wanted Relating to Misconduct in Carbon Markets

Top Ten FCPA Recoveries of 2022

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