Speaking with Thomson Reuters Regulatory Intelligence, Phillips & Cohen partner Erika Kelton underscores the value of whistleblowers in an article about the CFTC’s investigation into alleged corrupt practices and market manipulation by international commodity trading company Trafigura.
In order to uncover corrupt practices that include bribery, experts say whistleblowers can be a valuable asset for agencies in their investigations.
“I don’t know that these are whistleblowing cases, but as a general matter, whistleblowers can jump start an investigation by bringing insider knowledge of wrongful conduct,” said Erika Kelton, a partner at Philips & Cohen, a Washington, DC-based law firm specializing in whistleblower cases. “They can point an agency directly to the people involved, the nature of the scheme, and it can save these agencies months of time.”
Read the full article, “More cases likely as U.S. CFTC Trafigura investigation shows commitment to fight corruption in commodities markets,” on Thomson Reuters Regulatory Intelligence’s website.