According to a recent report, two whistleblowers have earned a total of $2 million in awards for information they provided that instigated an investigation by the CFTC. The whistleblowers participated in a variety of interviews and provided incriminating documents that proved that several violations of the Commodity Exchange Act had taken place.
“This award demonstrates how whistleblowers can play an integral role in our investigations and be rewarded for their significant contributions,” stated Christoper Ehrman, director of the CFTC’s Whistleblower Office. He added, “It often takes integrity and courage to report specific, timely, and credible information about misconduct, and such information enhances our ability to police the markets.”.
Under the Whistleblower Program, which was established in 2010, the CFTC has awarded over $90 million to individuals who have decided to come forward with information regarding suspected fraud. In total, whistleblowers participating in this program have helped to earn over $730 million in sanctions.