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In 2018, the U.S. Commodity Futures Trading Commission’s (CFTC) awarded a record $30 million dollars to one whistleblower for having the courage to report corruption under the CFTC’s Whistleblower Program.
If you’re an insider and know of others that have profited from misconduct, you can profit from blowing the whistle with the CFTC whistleblower lawyer.
CFTC Whistleblower Program
The CFTC Whistleblower Program, launched in 2010 as part of the Dodd-Frank Act, rewards qualified individuals who come forward voluntarily with “original information” regarding breaches of the Commodity Exchange Act. This initiative offers monetary awards to whistleblowers whose disclosures lead to successful enforcement actions, resulting in monetary penalties surpassing $1,000,000. Administered by the Commodity Futures Trading Commission, the program operates through the dedicated Office of the Whistleblower, which provides comprehensive details about the initiative online.
In order to qualify as a CFTC whistleblower, you need to:
- Report violations of the Commodity Exchange Act (CEA); and
- Provide information that results in monetary sanctions of at least $1,000,000.00
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Depending on the degree of your cooperation, you may receive a whistleblower award from 10% to 30% of the CFTC’s recovery. While the CEA provides aggressive protection from retaliation, including meaningful penalties, companies may still illegally retaliate against whistleblowers. It is best to consult with a CFTC whistleblower lawyer to determine whether your case might be actionable before proceeding. An attorney can also draft a more professional report for the CFTC. The lawyers at Brown, LLC, have a dedicated whistleblower practice, and do not take payment unless they win. Call us at 1 (877) 561-0000 for a free and confidential discussion of your CFTC whistleblower matter.
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