The Commodity Futures Trading Commission made its first award to a whistleblower on Tuesday as part of a program created by the Dodd-Frank Act. The tipster will receive approximately $240,000 for providing actionable information about violations of the Commodity Exchange Act. Specific details on the case and what information assisted it were not immediately made available.

The CFTC's whistleblower program provides monetary awards to those who report violations of the Commodity Exchange Act if the information results in more than $1 million in monetary sanctions. Whistleblowers are eligible for 10 to 30 percent of fines collected. The Commission can also pay awards based on monetary sanctions collected by other agencies in actions that are related to a successful CFTC action, and are based on information provided by someone who provided information to its program. 

“The CFTC's Whistleblower Program is attracting high-quality tips and cooperation we might not otherwise receive and is already having an impact on our enforcement mission," said Acting Director of the CFTC's Division of Enforcement Gretchen Lowe