Share on LinkedInShare on LinkedIn

ARTICLE · 07 MAY 2015

CFTC Whistleblower Awards On The Horizon

Proskauer Rose LLP
Proskauer Rose LLP
Contributor
Proskauer Rose LLP

Proskauer Rose LLP

Firm Overview Proskauer is an elite global law firm with more than 900 lawyers across key financial...

View firm profile
Explore more from Proskauer Rose LLP

In a recent interview with Law360 (subscription required), Chris Ehrman, the Director of the U.S. Commodity Futures Trading Commission’s Whistleblower Office, predicted that the number and size of the CFTC’s whistleblower awards will increase in the near future.

United StatesEmployment and HR

In a recent interview with Law360 (subscription required), Chris Ehrman, the Director of the U.S. Commodity Futures Trading Commission's Whistleblower Office, predicted that the number and size of the CFTC's whistleblower awards will increase in the near future.   Ehrman also said that the agency will conduct "straight marketing" to ensure that potential whistleblowers are aware of the agency's whistleblower bounty program.

The CFTC's Whistleblower Program is similar to the SEC's program in that whistleblowers who voluntarily provide the CFTC with original information about violations of the Commodity Exchange Act resulting in a $1 million or greater recovery are eligible to receive 10 to 30 percent of the monies collected.  Ehrman acknowledged that the CFTC's whistleblower program, which paid its first award in May 2014 and has received only 227 whistleblower tips in fiscal year 2014 versus the SEC's 3,620, has gotten off to a slower start than the SEC's

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

See more popular content from