The Commodity Futures Trading Commission (CFTC) has just announced a record-setting whistleblower award of nearly $200 million but it was quickly followed by a report in The Wall Street Journal that identified the tipster as someone from Deutsche Bank. The CFTC protects all whistleblowers via confidentiality. In a press release dated Oct. 21, CFTC officials acknowledged… Read More >>
Senate Bill Could Help Save CFTC’s Whistleblower Program
The U.S. Senate has taken the first step in a rescue of a whistleblower program for the Commodities Futures Trading Commission (CFTC) via a bill that got unanimous bipartisan support and may lead to new funding for a program running out of money. Sen. Chuck Grassley (R-Iowa), who proposed the bill, says that if it… Read More >>
Whistleblowers in SEC Case Collect $50 Million
Would-be financial criminals beware: “joint whistleblowers,” whose identities have not been revealed, just scored a payday of “over $50 million.” That’s a big incentive to say something if you know something. The whistleblowers who collected the $50 million reported violations of financial-crime rules to the U.S. Securities and Exchange Commission (SEC). Those violations involved “highly… Read More >>
CFTC’s Whistleblower Awards Total More than $45 Million
Whistleblower Program Experiences High-Volume Response The CFTC has handed out more than $45 million in multiple whistleblower awards, reflecting the higher volumes and greater complexity of incoming whistleblower submissions, officials say. In fact, the regulator last month acknowledged “an award of approximately $30 million to one whistleblower and the first award was made by the… Read More >>
SEC Whistleblower Program Proves That Honesty Can Pay
Sometimes crime pays well on Wall Street. But the SEC is doing what it can to show that honesty can also pay. In fact, the SEC’s whistleblower program is handing out its “highest-ever Dodd-Frank whistleblower awards” to two claimants that will share “nearly $50 million,” and a third claimant that will get more than $33… Read More >>
SEC Rewards Whistleblower with $22 Million
SEC Awards a Total of $107 Million to Whistleblowers The SEC has given a whistleblower “more than $22 million” for a “detailed tip and extensive assistance” that allowed the regulator to halt “a well-hidden fraud at the company where the whistleblower worked,” according to officials. “The $22 million-plus award is the second-largest total the SEC… Read More >>
CFTC Pays Whistleblower $10 Million
Does it pay to be a whistleblower? The answer to that question may increasingly be in the affirmative as the CFTC just announced an award of “more than $10 million to a whistleblower who provided key original information that led to a successful CFTC enforcement action,” officials say. “The award is the largest made by… Read More >>
