Phillips & Cohen has filed many whistleblower claims with the Commodity Futures Trading Commission under the Dodd-Frank whistleblower reward program and is working closely with enforcement officials on a number of them.
Our lawyers have deep experience representing and advocating for whistleblowers who bring claims to the Commodity Futures Trading Commission involving complex financial transactions and fraud in commodities markets.
Phillips & Cohen has filed numerous whistleblower claims with the CFTC and has close working relationships with enforcement officials on the investigations.
We are the most successful law firm representing whistleblowers under the SEC whistleblower program, which like the CFTC whistleblower program, was created by the Dodd-Frank Act in 2010.
We represented the whistleblower who received the largest SEC whistleblower award — $32 million — and we represented clients who received two other SEC whistleblower awards totaling more than $3 million.
Phillips & Cohen also represented a Minnesota whistleblower who provided information to the FBI, CFTC and the Securities and Exchange Commission that exposed and stopped a $160 million Ponzi scheme.
Expect CFTC whistleblower awards to start being issued more steadily and with that, more whistleblower submissions to be made to the CFTC.
Under the CFTC whistleblower program, whistleblowers are eligible for a reward of 10 percent to 30 percent if they provide information that results in sanctions exceeding $1 million. Such information may be provided anonymously to the CFTC through a lawyer or other representative.
The CFTC whistleblower program is gaining momentum. The CFTC signaled its commitment to the whistleblower program last year with a $10 million whistleblower reward that was paid to a whistleblower whose original information about violations of the Commodity Exchange Act led to a successful enforcement action. In addition, the CFTC has proposed revisions to its whistleblower program rules that are more whistleblower-friendly.
If you are aware of any fraud in commodity markets or violations of commodity laws and would like to discuss your options under the CFTC whistleblower program, please contact Phillips & Cohen for a confidential review of your case at no charge.
International Whistleblowers and the CFTC Whistleblower Program
Whistleblowers living outside the US are eligible to participate in the CFTC whistleblower reward program. Phillips & Cohen opened an office in London to better serve whistleblowers from around the world.
Phillips & Cohen will confidentially review your claim completely free of charge.