Posts Tagged ‘cftc’

CFTC’s Authority Over Standalone Anti-Fraud Activities under the Dodd-Frank Act

There is presently a disagreement among federal courts as to the scope of the Commodity Futures Trading Commission’s (CFTC) anti-fraud and anti-manipulation authority under the Dodd-Frank Act. The CFTC’s primary focus has always been on swaps and commodity futures contracts governed by the Commodity Exchange Act (CEA).  However, the CFTC has also historically had anti-fraud and anti-manipulation enforcement authority as well relating to transactions that involve actual purchases of a commodity, such as precious metal sales of gold coins.  See CEA Sections 4b; 6(c)(3); 9(a)(2). Read More…

 

CFTC Announces Multiple Whistleblower Awards Totaling More than $45 Million

The Commodity Futures Trading Commission (CFTC) announced multiple whistleblower awards totaling more than $45 million.  The awards demonstrate the growing success of the CFTC’s Whistleblower Program, in particular, the increasing volume and complexity of incoming whistleblower submissions. Read More…

 

CFTC Announces First Whistleblower Award to a Foreign Whistleblower

CFTC

The Commodity Futures Trading Commission (CFTC) recently announced a whistleblower award of more than $70,000 to a foreign whistleblower, a first of its kind award for a foreign individual who significantly contributed to an ongoing CFTC investigation that led the CFTC to a successful settlement. It’s the sixth award to a whistleblower who provided valuable information about violations of the Commodity Exchange Act (CEA). Read More…

 

CFTC Announces Its Largest Ever Whistleblower Award of Approximately $30 Million

The Commodity Futures Trading Commission (CFTC) announced its largest-ever whistleblower award of approximately $30 million today.  The CFTC wrote that the whistleblower “voluntarily provided key original information that led to a successful enforcement action.”   Read More…