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ARTICLE · 27 JUNE 2023

CFTC: Calling All Whistleblowers In Carbon Markets

McGuireWoods LLP
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With an "alert" issued June 20, 2023, the Commodity Futures Trading Commission (CFTC) is targeting carbon markets by asking whistleblowers to come forward...

United StatesFinance and Banking
Todd Mullins
Todd Mullins

With an "alert" issued June 20, 2023, the Commodity Futures Trading Commission (CFTC) is targeting carbon markets by asking whistleblowers to come forward with information about fraudulent or manipulative trading of carbon credits and other environmental commodities as well as related derivatives.

The CFTC's whistleblower program is not a new concept. The program offers whistleblowers, even those who are not company "insiders," between 10% and 30% of the amount of monetary sanctions collected due to the information provided. And the payments can be major: A recent payment was nearly $200 million. This whistleblower alert is unusual because it specifically asks whistleblowers to come forward, a rare move by the CFTC. It also targets a particular sector: environmentally related products.

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