What is the CFTC? The U.S. Commodity Futures Trading Commission (“CFTC”) is an independent government agency that regulates US futures and options markets. The CFTC’s Division of Enforcement investigates violations of the Commodity Exchange Act (“CEA”) and other CFTC regulations, including fraud, market manipulation, disruptive trading practices, and trade practice violations. The Division of [...]
An individual whistleblower who provided information about fraud to the Commodity Futures Trading Commission (“CFTC”) was just awarded more than $2 million for information that led to both a CFTC action and a related action brought by another federal agency. The whistleblower’s contribution included significant assistance in analyzing complex market data. Two takeaways from [...]
Of the various whistleblower programs in place to date, probably the least well-known is that involving the trade of commodities and futures – an industry regulated by the Commodities Futures Trading Commission. This area of trading can be highly unpredictable, and often the savviest investors are hesitant to take on the risk associated with [...]
Following in the footsteps of government agencies like the SEC and IRS, the Commodity Futures Trading Commission ("CFTC") had an eventful fiscal year 2014, resulting in its first-ever whistleblower reward and a significant jump in complaints over fiscal year 2013. Much like the qui tam provisions of the False Claims Act, the CFTC’s relatively [...]
While healthcare fraud remains a top priority for the Department of Justice and other governmental agencies, several other areas of fraud are also on the rise – including misconduct against the Internal Revenue Service, Securities and Exchange Commission, and the Commodities Futures Trading Commission. All of these agencies recently implemented whistleblower regulations which were drafted [...]
When it comes to whistleblower provisions, the False Claims Act undoubtedly reigns as the most well-known, highly-publicized piece of legislation on the books today. However, there are several other industries enjoying similar anti-fraud protections and whistleblower provisions, including the commodities futures trading industry, protected by the lesser-known commodities futures trading whistleblower provisions contained within the [...]
