CFTC Allows Whistleblowers to Collect a Free

The CFTC voted 4-1 to complete a rule that will let corporate whistleblowers collect up to 30 percent of penalties when they report financial wrongdoing to the agency. Whistleblowers would be eligible if information they provide leads to a successful enforcement action that results in sanctions of at least $1 million. More specifically, CFTC panel would determine the amount of the award, which could range from 10 percent to 30 percent of the … [Read more...]