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...
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