ATTORNEY NEWSLETTER
Commodity Futures Trading Commission Rewards Whistleblowers
Commission Targets Fraudulent Trading Schemes
Insider Rewarded $9 Million For Information
Commodities and futures trading constitute an enormous financial marketplace and wherever hundreds of billions of dollars trade hands every year, there’s bound to be fraud. The U.S. Commodity Futures Trading Commission (CFTC) polices the commodities and futures markets and rewards individuals who provide original information about fraudulent trading schemes. On July 27, the CFTC announced a $9 million whistleblower award to an individual who provided information on alleged commodities trading fraud.* Recent rewards bring the total awarded by the CFTC to private whistleblowers to over $120 million since the inception of the CFTC Whistleblower Program in 2014. If you have credible information of any sort of futures, options, currency or commodity trading fraud (including investment pools, gold, futures, options, or virtual currencies) call the CFTC whistleblower attorneys at Evans Law Firm, Inc. today at (415)441-8669.
The Commodity Exchange Act (CEA), 7 U.S.C. §§ 1a et seq., allows whistleblowers to receive monetary awards ranging from 10 to 30 percent of the sanctions obtained by the CFTC in a successful enforcement action if the sanctions exceed $1 million. CFTC whistleblowers can anonymously report securities and commodities fraud through the CFTC Whistleblower Program with assistance of counsel. In announcing the recent $9 million award, the CFTC’s Whistleblower Office Director Christopher Ehrman stated, “Whistleblowers like the individual receiving the award today provide a valuable public service. We encourage others to come forward with information regarding possible violations in the markets the CFTC oversees.”
Evans Law Firm Can Help
A fraudulent commodities trading scheme or other securities or banking fraud often violates more than one set of laws and fall within the jurisdiction of more than one supervising government agency, including the Whistleblower Office of the U.S. Securities and Exchange Commission (SEC). Our whistleblower litigators will incorporate all applicable violations relevant to your information and follow the applicable rules for any government agency involved, including the CFTC, SEC, Internal Revenue Service or other agency. All agencies keep whistleblower identity confidential as long as possible and whistleblower laws protect whistleblowers from employer retaliation. Our lawyers represent whistleblowers in their underlying whistleblower actions and also in any lawsuit for wrongful termination or other retaliation by their employer.
Contact Us
If you have information regarding any commodities, futures, or securities trading fraud contact Ingrid M. Evans and the other CFTC and SEC whistleblower and tax fraud attorneys at the Evans Law Firm at (415) 441-8669, or by email at <a href=”mailto:info@evanslaw.com”>info@evanslaw.com</a>. Our whistleblower attorneys also handle cases involving offshore tax avoidance schemes or other tax fraud before the Internal Revenue Service, bank fraud under the Financial Reform, Recovery, and Enforcement Act (FIRREA/FIAFEA), False Claims Act cases, the FINRA Whistleblower Office, and the California False Claims Act.
*Evans Law Firm, Inc. was not involved in the case in any way.
