Today the CFTC Whistleblower Program issued its 2022 Annual Report on the Whistleblower Program and Customer Education Initiatives. The report reveals that sanctions ordered in whistleblower-related enforcement actions exceed $3 billion and the CFTC has issued 36 orders granting awards totaling more than $330 million. In other words, each dollar awarded to whistleblowers results in significant monetary sanctions and furthers the CFTC’s mission of ensuring that the markets it oversees are open, transparent, fair, and competitive. Key developments and trends for FY22 include:

• The CFTC paid out a record-breaking award of nearly $200 million, the largest whistleblower award ever granted under the Dodd-Frank Act.

• The CFTC’s Whistleblower Office received 1,506 whistleblower tips in FY22, which represents an increase of more than 50% over FY21.

• In FY22, the CFTC Whistleblower Office received tips and complaints regarding a wide range of violations, including record keeping or registration violations, illegal swap dealer business conduct, solicitation, misappropriation, insider trading, and other types of fraud, use of deceptive or manipulative devices in trading, as well as spoofing, and other forms of disruptive trading or market manipulation.

• A majority of tips received in FY22 involved fraudulent misappropriation and fraudulent solicitation involving crypto/digital assets (e.g., pump-and-dumps, fraudulent representations of opportunities, or refusals to honor...

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