CFTC plans to expand whistleblower awards and protections


The U.S. Commodity Futures Trading Commission is asking for public comments about proposed amendments to the agency's whistleblower rules.
Richard L. Cassin Publisher and Editor
Jessica Tillipman Senior Editor
Elizabeth K. Spahn Editor Emeritus
Cody Worthington Contributing Editor
Julie DiMauro Contributing Editor
Thomas Fox Contributing Editor
Marc Alain Bohn Contributing Editor
Bill Waite Contributing Editor
Shruti J. Shah Contributing Editor
Russell A. Stamets Contributing Editor
Richard Bistrong Contributing Editor
Eric Carlson Contributing Editor
Bill Steinman Contributing Editor
Aarti Maharaj Contributing Editor
The FCPA Blog Delivered free to your inbox - Click Here
____________________________
The U.S. Commodity Futures Trading Commission is asking for public comments about proposed amendments to the agency's whistleblower rules.
The U.S. Commodity Futures Trading Commission (CFTC) announced an award of about $50,000 to a whistleblower for original information that led to a successful CFTC enforcement action.
The U.S. Commodity Futures Trading Commission awarded more than $10 million to a whistleblower last week who provided key original information that led to a successful CFTC enforcement action.
The U.S. Commodity Futures Trading Commission (CFTC) launched a new whistleblower website at www.whistleblower.gov. The new site has information about the agency's whistleblower program for potential violations of the Commodity Exchange Act.
The acting chairman of the U.S. Commodity Futures Trading Commission (CFTC) said Tuesday the agency will make its first award to a whistleblower under the program created by the Dodd-Frank Act of 2010.
Do whistleblowers have any protection against retaliation under your whistleblowing program?
As companies adjust to the new whistleblowing regimes under the Dodd-Frank Act, what changes do you recommend that they make to their existing compliance programs to ensure they are adequately prepared to manage whistleblowers and/or CFTC inquiries in response to whistleblower complaints?
Question: As you are aware, many companies have expressed concerns about the lack of an internal reporting requirement for whistleblowers. What, if anything, do you have to say in response to critics who argue that this undermines their compliance programs?
I recently sat down with Vincente Martinez, Director of the CFTC Whistleblower Office (WBO), who graciously agreed to answer some of my questions about the WBO.