Statement: CFTC Whistleblower Program Awards $1.25 million to Whistleblower

Today, the Commodity Futures Trading Commission (CFTC) announced a whistleblower award totaling approximately $1.25 million to a whistleblower who satisfied the CFTC’s whistleblower rules by raising the matter internally and then waiting at least 120 days to contact the CFTC after the employer took no meaningful remedial action.

Statement of Christopher Ehrman, former Director of the CFTC’s Whistleblower Office and partner at Phillips & Cohen, an international whistleblower law firm:

“This whistleblower did exactly as the program intended – reporting the wrongdoing internally, giving the company time to correct their actions.

This award shows the partnership whistleblowers play in conjunction with the CFTC to protect the safety and soundness of our nation’s derivatives markets.”


Under Mr. Ehrman’s leadership at the CFTC, successful enforcement actions based on information provided by whistleblowers resulted in monetary sanctions totaling more than $3 billion and whistleblower awards amounting to approximately $330 million.

Phillips & Cohen is the most successful law firm representing whistleblowers, with recoveries from cases totaling over $13 billion and 21 awards for clients under Dodd-Frank whistleblower reward programs.

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