CFTC Awards Domestic And International Whistleblowers

The Commodity Futures Trading Commission today announced awards to two whistleblowers whose specific, credible, and timely information led the CFTC to open an investigation, and whose continued assistance helped lead to a successful enforcement action.

A whistleblower based in the U.S. first alerted the CFTC to the wrongdoers' fraudulent activity and continued to provide helpful information and documents the Division of Enforcement may not have otherwise obtained. A second whistleblower, based overseas, subsequently provided the CFTC with information about an ongoing fraud being perpetrated by the same wrongdoers as well as their efforts to avoid detection by the CFTC.

“As our markets increasingly span the globe, this case shows that, no matter where individuals reside, they can have a significant impact on CFTC investigations when they share what they know about potential misconduct,” said Division of Enforcement Director James McDonald.

“We appreciate the early and continued assistance that these individuals provided,” added Whistleblower Office Director Christopher Ehrman. “It is gratifying to see individuals work with the Commission beyond the initial tip to help put a stop to fraudulent activity.