Record-Setting Submissions: CFTC Whistleblower Program 2020 Annual Report Documents Increasing Popularity of Program
Posted 11/5/20
CFTC Whistleblower Reward Program
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JPMorgan Chase Pays nearly $1 Billion in Fines for Market Manipulation of Precious Metals and U.S. Treasuries
Posted 10/16/20
September 29, 2020
The CFTC has awarded a whistleblower approximately $250,000 for providing significant information that led to an investigation. Although the whistleblower also provided substantial assistance during the investigation, the award was reduced because the whistleblower did not report the violations in a timely manner. CFTCCFTC Sets Sights on Binary Options Fraud
Posted 09/17/20
September 11, 2020
Two whistleblowers who made specific, credible, and timely reports to the CFTC of an ongoing fraud have been awarded an undisclosed sum. The first whistleblower, based in the U.S., made the first report and provided information and documents that would have otherwise been difficult to obtain. The second whistleblower, based abroad, provided additional information, including the wrongdoers’ attempts to avoid detection. According to the CFTC, the whistleblowers’ joint efforts helped lead to a successful enforcement action. CFTCSeptember 4, 2020
An anonymous individual received a whistleblower reward in an unspecified amount, after providing information that caused the CFTC to open an investigation into ongoing fraudulent activity affecting individual investors. The whistleblower provided assistance and documentation, enabling the Commission to act quickly to stop fraud that would have been difficult to detect without the whistleblower's information. CFTCCatch of the Week: Interactive Brokers Pays $38 Million for Failures in Money-Laundering and Supervision
Posted 08/14/20
CFTC Whistleblower Hot Streak Continues with $9 Million Award
Posted 07/28/20
July 27, 2020
The CFTC has awarded approximately $9 million—one of the largest awards ever in the history of its whistleblower program—to an unnamed whistleblower. Because of the whistleblower’s timely tip, the CFTC was able to open an investigation that led to a successful enforcement action. CFTCWhat Potential Whistleblowers Need to Know About the Dodd-Frank Act
Posted 07/21/20
