Clifford Chance
CFTC Makes First Whistleblower Award Under Dodd-Frank
22 May 2014
On May 20, 2014, the Commodity Futures Trading Commission ("CFTC") Acting Chairman Mark Wetjen announced that the agency would make its first award under the Whistleblower Program created by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 ("Dodd-Frank Act"). The CFTC disclosed that the anonymous whistleblower will receive approximately $240,000 for providing "specific, timely and credible information" about violations of the Commodity Exchange Act ("CEA"). Information that could reveal the identity of the whistleblower (e.g., the identity of the violator, as well as the nature of the violations and total amount of recovery), remains confidential.
