On September 23, the U.S. Commodity Futures Trading Commission (CFTC) announced four whistleblower award orders totaling $4.5 million. The four award orders are the most issued by the CFTC Whistleblower Program in a single day.

The orders awarded seven individual whistleblowers, who included victims of fraud, employees and market participants. Through the CFTC Whistleblower Program, qualified whistleblowers, individuals who voluntarily provide original information which leads to a successful enforcement action, are eligible to receive monetary awards of 10-30% of the sanctions collected in the enforcement actions aided by their disclosures.

“Whistleblowers provide information from a variety of vantage points that helps preserve market integrity and fairness,” said Director of Enforcement Ian McGinley. “The multiple awards the CFTC is granting today serve as a warning to would-be wrongdoers across the markets we oversee that anyone may blow the whistle on their misconduct.”

In its press release, the CFTC detailed the four award orders and the awarded whistleblowers:

• “Four whistleblowers who, as victims of fraud, significantly contributed to the resolution of both a CFTC action and a related criminal action, providing insight into the broad scope of the misconduct and enabling the identification of additional victims.
• A separate whistleblower victim whose tip alerted the CFTC to a new fraud by a repeat offender, and whose ongoing assistance helped uncover additional...

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