CFTC Issues 1st Whistleblower Award But Questions Linger
By Stephanie Russell-Kraft (May 20, 2014, 1:36 PM EDT) -- With the Commodity Futures Trading Commission revealing Tuesday that it will be paying out the first award under the commission's nearly three-year-old whistleblower program, the desire to protect the person at hand has given defense attorneys few clues as to how the agency reached this decision.
The Commodity Futures Trading Commission is set to pay a whistleblower $240,000 for providing information about violations of the Commodity Exchange Act, the first award under the 2010 program, Acting Chairman Mark Wetjen announced Tuesday. Created by the Dodd-Frank Wall Street Reform and Consumer Protection Act, the whistleblower program provides monetary awards to persons who report...
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