News and analysis for the well-informed compliance or audit exec. Select an option and click continue.
Annual Membership $499 Value offer
Full price one year membership with auto-renewal.
Membership $599
One-year only, no auto-renewal.
- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Adrianne Appel2024-11-13T20:23:00
“Unreasonably delayed reporting” cost one of two claimants whom will unevenly split a $4 million whistleblower award from the Commodity Futures Trading Commission (CFTC) for providing information that led to a successful enforcement action.
The CFTC, and many federal agencies, have created whistleblower programs to encourage people to speak out about illegal activity. If information meets certain criteria, whistleblowers are rewarded by receiving 10 percent to 30 percent of a penalty paid to the CFTC, or in some cases, to a foreign regulator. The CFTC whistleblower program has paid out $390 million in awards since its inception in 2014.
The names of whistleblowers, specific case information, and the exact amounts awarded are redacted by the CFTC in order to protect the privacy and/or safety of tipsters, as required under the Commodity Exchange Act.
THIS IS MEMBERS-ONLY CONTENT. To continue reading, choose one of the options below.
News and analysis for the well-informed compliance or audit exec. Select an option and click continue.
Annual Membership $499 Value offer
Full price one year membership with auto-renewal.
Membership $599
One-year only, no auto-renewal.
2024-06-20T15:37:00Z By Aaron Nicodemus
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.
2024-02-16T16:53:00Z By Jeff Dale
The Commodity Futures Trading Commission appointed Brian Young as director of its whistleblower office.
2023-11-03T09:39:00Z By Aaron Nicodemus
Most of the whistleblower tips received by the Commodity Futures Trading Commission in fiscal year 2023 related to fraud and misappropriation of crypto/digital assets.
2024-11-20T18:15:00Z By Aaron Nicodemus
A bank examiner and senior manager at the Federal Reserve Bank of Richmond pled guilty to insider trading after allegedly misappropriating confidential information on seven banks to make profitable trades.
2024-11-19T21:05:00Z
New York-based investment firm Drexel Hamilton will pay more than $1.1 million in penalties, with four current and former employees paying fines as well over committing hundreds of violations of rules regarding the sale of municipal bonds.
2024-11-19T19:26:00Z By Aaron Nicodemus
A publicly traded cryptocurrency mining company will pay $10 million and completely change its business model to one with “lower corruption risk” as part of a settlement over violations of the Foreign Corrupt Practices Act (FCPA), two regulators announced.
Site powered by Webvision Cloud