Fiscal year 2022 was sure to be a record-breaking year for the Commodity Futures Trading Commission Whistleblower Reward Program, as it started with a $200 million whistleblower award – an award so large that Congressional intervention was needed. The CFTC Whistleblower Program’s annual report to Congress for Fiscal Year 2022 confirms this, reporting more than $203 million in total awards.
Created by the Dodd-Frank Act, the CFTC Whistleblower Program pays awards to eligible whistleblowers who voluntarily provide the Commission with original information, about matters within the CFTC’s jurisdiction, that lead to the recovery of more than $1 million in monetary sanctions. The CFTC 2022 Annual Report on the Whistleblower Program identifies the number of whistleblower awards granted and the total amount of CFTC whistleblower awards paid, along with other information of interest to potential whistleblowers and their attorneys.
According to the CFTC Whistleblower 2022 Annual Report, during the fiscal year ending September 30, 2022, the Commission:
- Issued 5 final orders granting whistleblower rewards based on ten applications for awards, including some final orders that made awards to multiple whistleblowers;
- Made whistleblower awards of more than $203 million;
- Issued 37 additional final orders denying 48 other applications for whistleblower rewards on the grounds that the applicants did not meet the legal requirements for an award;
- Received a record-breaking 1,506 new...
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