In 2018 there was a record $30 million dollars paid to one whistleblower for having the courage to report corruption that was actionable under the U.S. Commodity Futures Trading Commission’s (CFTC) Whistleblower Program. The Program itself originated under the Dodd-Frank Act.
Classically, the perception of the public is that the commodities and futures markets are easily manipulated and those on the inside reap the rewards of inside information. Well, if you’re an insider and know of others that have profited from misconduct, you can profit from blowing the whistle with the CFTC.
In order to qualify as a CFTC whistleblower, you need to:
Report violations of the Commodity Exchange Act (CEA)
Provide information that results in monetary sanctions of at least $1,000,000.00
Depending on your cooperativeness receive a CFTC whistleblower award from 10% to 30% of the recovery
The statutes provide for very aggressive protection from retaliation with meaningful penalties. However, just because the statute prohibits retaliation doesn’t mean the company won’t retaliate. It is best to consult with a CFTC whistleblower lawyer to determine if your case might be actionable before proceeding. The firm can also write up the matter in a more palatable way for the CFTC to consider and is only paid if they win your case. The lawyers at Brown, LLC, have a focus of their practice in protecting whistleblowers and filing their cases. The calls are free and confidential, and the firm is only paid if they win your case. Call us at (877) 561-0000 to discuss your CFTC whistleblower matter.