CFTC Announces Highest Aggregate Whistleblower Award to Date, Totaling More Than $45 Million
August 14, 2018
On August 2, 2018, the U.S. Commodity Futures Trading Commission announced multiple whistleblower awards totaling more than $45 million.
Although this is only the seventh such aggregate award announced by the CFTC since the inception of its whistleblower program in October 2011, it is the Commission’s highest to date, and comes weeks after the agency’s announcement of two such awards last month. This recent activity, which follows a two-year hiatus during which the CFTC did not grant any whistleblower awards, may signal the Commission’s renewed focus on touting the success of its whistleblower program as well as the conclusion of a number of major CFTC investigations. It is also in keeping with the Commission’s aggressive pace of enforcement actions in recent months.
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