- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
Image: The Commodity Futures Trading Commission had been off to a slow start with its Dodd-Frank whistleblower program, having paid out just two awards totaling $530,000 over the entire life of the program. That changed dramatically last week, however, when the CFTC announced a huge award of more than $10 ...
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A whistleblower received an $8 million award from the Commodity Futures Trading Commission for uncovering fraud—even though the agency deemed the whistleblower was culpable in the misconduct.
The Commodity Futures Trading Commission announced on July 1 an award of $2 million to two “model whistleblowers” who provided the agency with “significant information” that prompted the CFTC to open an investigation.
The Commodity Futures Trading Commission has awarded a whistleblower $2.5 million for assisting it in an investigation, but the award could have been larger if the report was made sooner, the CFTC said.
