CFTC Hands Out $625,000 Award to Four Whistleblowers

The Commodity Futures Trading Commission announced a whistleblower award of approximately $625,000 to four whistleblowers. This award recognizes the contributions of each of them, three of whom provided support to the CFTC jointly. One of the whistleblowers received a higher award percentage to recognize that he or she provided the highest level of ongoing assistance and cooperation to the Division of Enforcement.

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"As reflected in the final order, the whistleblowers in this matter provided a high degree of support to Enforcement staff,"said CFTC Acting Director of Enforcement Vincent McGonagle."After the matter was opened, the whistleblowers either individually or jointly provided ongoing cooperation and assistance that helped support several of the charges against the defendants."

"We truly appreciate the efforts of the four meritorious whistleblowers in this matter,"said Whistleblower Office Director Christopher Ehrman."While each of the whistleblowers provided critical information in this complicated matter, it is important that we recognize the whistleblower whose contributions went above and beyond to support the CFTC's enforcement efforts."

The CFTC's Whistleblower Program was created under Section 748 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. Since issuing its first award in 2014, the CFTC has granted whistleblower awards amounting to approximately $330 million.