CFTC Whistleblower FAQ

The Commodity Futures Trading Commission (CFTC) Whistleblower Program was established to award whistleblowers who report violations of the Commodity Exchange Act. The program gives awards if the CFTC is able to take enforceable action against the violating corporation or individual.

If you have information about a potential violation and are considering becoming a whistleblower, continue reading to learn more about what you can expect once you blow the whistle.

What is the CFTC?

The CFTC is a government commission that is responsible for the regulation of derivative markets across the nation. A derivative market for the CFTC is a financial market that focuses on stocks, bonds, commodities, and other instruments that affect the economy, including food, transportation, agriculture, energy, and airlines. The CFTC oversees the operations of these derivatives.

What is commodities and futures fraud?

Commodities and futures fraud involves assets across the world that affect our everyday lives, such as food, oil, copper, and wheat, as well as hedge funds, exchange trades, and futures brokers. Fraud occurs when there is a violation of the laws that govern the trading and operation of these markets.

Can CFTC whistleblowers be anonymous?

Yes. The CFTC is committed to protecting the identities of whistleblowers. The commission will never disclose the identity of a whistleblower without his or her consent. However, there is a limit to this discretion. The CFTC will provide appropriate government agencies or regulators your information on the condition that your identity remains anonymous to outside parties.

Can whistleblowers be retaliated against?

Under the provisions of the Dodd-Frank Act, companies are not to retaliate in any way against a whistleblower. Retaliation could include demotion, termination, suspension, harassment, and the creation of a hostile work environment. If you are the subject of retaliation, you can bring action against your employer in court. In addition, the CFTC can enforce action against a retaliating violator.

Why do whistleblowers need lawyers?

It’s a good idea for a whistleblower to retain an attorney for a number of reasons. If you played a role in the violation, however insignificant, a lawyer can help you avoid repercussions of coming forward. You could also need an attorney if you experience retaliation from your employer. We can also provide you with information about what you can expect and work to protect your anonymity.

Contact a CFTC Whistleblower Lawyer

For more information about the CFTC whistleblower program, or if you have questions specific to your tip, speak with a CFTC whistleblower lawyer at Meissner Associates. You can fill out the quick contact form below or give us a call at 1-866-764-3100 to schedule your free, no-obligation consultation.