CFTC Says Rule Changes Will Improve Whistleblower Program
Law360, New York (May 22, 2017, 9:39 PM EDT) -- The U.S. Commodity Futures Trading Commission approved changes to its whistleblower award program on Monday to prevent confidentiality agreements from getting in the way of tips, to give tippers more time to seek a reward, and to make more information eligible for more payouts.
The agency, which has paid out four awards since it set up its whistleblower program in 2011, said the amendments would "strengthen and enhance" its ability to prevent fraud and protect markets. The changes were similar to a slate of proposals unveiled last August that garnered only seven comments, which were broadly supportive.
"The whistleblower program is an...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!