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“Senate Passes Bill to Fund CFTC Whistleblower Program”

Phillips & Cohen partner Erika Kelton expresses concern to The Wall Street Journal about a new measure to provide only a short-term solution to the CFTC’s cash-strapped whistleblower program.

A newly passed Senate bill would temporarily create a separate account to pay for the operation of the Commodity Futures Trading Commission’s whistleblower program as the agency confronts a funding crisis over a large potential payout.

Some attorneys worry the temporary fix might not be enough to address the problem long-term.

“What I fear about this is they are just kicking the can down the road and we’ll be encountering this again,” said Erika Kelton, a partner at law firm Phillips & Cohen LLP who represents whistleblowers.

Read the entire article, “Senate passes bill to fund CFTC whistleblower program,” on The Wall Street Journal’s website.

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