Reported 8 months ago
The US Commodity Futures Trading Commission awarded over $8 million to a whistleblower who provided crucial insider information for several enforcement cases. The tipster's information significantly aided investigations, making them more effective and efficient. The whistleblower's identity remains confidential, as per agency policy. The CFTC whistleblower program, established by the Dodd-Frank Act in 2010, offers financial incentives to individuals who provide valuable information, with payouts ranging from 10% to 30% of collected monetary penalties in successful cases, totaling approximately $380 million in awards so far.
Source: YAHOO