Legal
CFTC Awards Whistleblower $8 Million for Enforcement Assistance
- Tipster helped probes across multiple agencies, CFTC says
- Program has led to about $380 million in awards since 2014
The Commodity Futures Trading Commission headquarters in Washington, DC.
Photographer: Ting Shen/BloombergThis article is for subscribers only.
The US Commodity Futures Trading Commission awarded more than $8 million to a whistleblower who the agency says helped with multiple enforcement actions.
The tipster offered “extremely valuable insider information at a critical time during the investigations,” Brian Young, who leads the CFTC whistleblower office, said in a Monday statement. The information made probes more efficient, added Ian McGinley, head of the agency’s enforcement unit.