CFTC Whistleblower Alert: Blow the Whistle on Corrupt Practices in the Commodities and Derivatives Markets
Under the Whistleblower Program of the Commodity Futures Trading Commission (CFTC), individuals can become eligible for both financial awards and certain protections by identifying Commodity Exchange Act (CEA) violations connected to corrupt practices such as bribes and kickbacks or similar conduct.
What are corrupt practices?
Corrupt practices include actions that seek to improperly influence officials or agents with personal payments or rewards – commonly thought of as bribes or kickbacks. Companies and individuals engaging in such practices may be liable for fraud, manipulation, false reporting, or a number of other types of violations under the CEA and Commission Regulations.
About the CFTC
The mission of the CFTC is to promote the integrity, resilience, and vibrancy of the U.S. derivatives markets through sound regulation.
About the Whistleblower Program
We will pay monetary awards to persons who voluntarily provide us with original information on a Form TCR about potential violations of the CEA or its rules, if that information leads to a successful CFTC enforcement action resulting in more than $1 million in monetary sanctions. The program also affords certain confidentiality and anti-retaliation protections.
For more information go to: www.whistleblower.gov
Commodity Futures Trading Commission
1155 21st Street, NW
Washington, DC 20581
This article was prepared by the Commodity Futures Trading Commission’s Whistleblower Office. This article is provided for general informational purposes only and does not provide legal or investment advice to any individual or entity. It is not intended to, does not, and may not be relied upon to create any rights, substantive or procedural, enforceable by any party in any matter, civil or criminal. Please consult with your own legal adviser before taking any action based on this information. Please note that the above list of relevant types of misconduct is not exhaustive.
April 30, 2021