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CFTC Whistleblower Reward Program

This archive displays posts tagged as relevant to the CFTC Whistleblower Reward Program. You may also be interested in the following pages:

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November 21, 2016

The CFTC released its annual enforcement results for FY 2016. The CFTC filed sixty-eight enforcement cases and achieved $1.29 billion in monetary sanctions ordered. CFTC also pursued litigation in over one hundred cases. In 2016 the CFTC also issued a whistleblower award of more than $10 million, the largest since the program’s inception in 2010. CFTC

October 12, 2016

The CFTC charged Kimball Parker of Lehi, Utah and his company MakeYourFuture, LLC, as well as Timothy Baggett of Lakeland, Florida and his companies Changes Worldwide LLC and Changes Trading LLC, with fraud and failure to make advertising disclosures regarding a futures trading system they sold to customers.  CFTC

CFTC Proposes Significant Changes to Its Whistleblower Program

Posted  09/9/16
By Jason Enzler Last week the U.S. Commodity Futures Trading Commission (CFTC) proposed extensive amendments to the regulations implementing its five-year old whistleblower program.  If adopted, the changes would expand and clarify its whistleblower protections, the scope of who can enforce whistleblower protections, the bases for how awards to whistleblowers will be calculated, and the process by which...

CFTC Announces Its Largest Whistleblower Reward (so far . . .)

Posted  04/7/16
By Jason Enzler This week the U.S. Commodity Futures Trading Commission (CFTC) awarded its largest bounty to date to a whistleblower -- over $10 million.  The award is the third payment to a whistleblower the CFTC has made under its whistleblower program implemented by the Dodd-Frank Act of 2010. The identities of the whistleblower and the defendant(s?) are shielded by law.  The Dodd-Frank Act and rules...

Compliance Officers in the Crosshairs?

Posted  11/23/15
By the C|C Whistleblower Lawyer Team Are compliance officers being targeted by government regulators?   An increased focus on individual accountability is making those professionals feel particularly vulnerable, even as regulators in the United States and abroad emphasize their partnership with compliance officers. Andrew Ceresney, director of the Security & Exchange Commission Division of Enforcement,

CFTC Announces Second Whistleblower Award

Posted  10/1/15
By the C|C Whistleblower Lawyer Team The CFTC announced its second ever whistleblower award yesterday under the agency's Dodd-Frank whistleblower program.  The anonymous whistleblower will receive roughly $290,000 for reporting information about violations of the Commodity Exchange Act that led to an  enforcement action.  This award follows nearly a year and a half after the CFTC announced its first...

August 4, 2014

The CFTC obtained a $13M penalty against Parnon Energy of California, Arcadia Petroleum of the United Kingdom, and Arcadia Energy of Switzerland for manipulating New York Mercantile Exchange (NYMEX) Light Sweet Crude Oil futures contract spreads from January 2008 to April 2008.  CFTC

April 28, 2014

The CFTC obtained a Consent Order against Tunney & Associates, P.C, an accounting firm with offices in Hammond, Indiana and Orland Park, Illinois, and Michael Tunney, its sole owner and a certified public accountant, requiring T&A and Tunney jointly to pay a $100,000 civil penalty for violating CFTC Regulations when conducting audits for The Linn Group, a CFTC-registered Futures Commission Merchant.  CFTC
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