Search Site

CFTC Issues $3 Million Whistleblower Award, Passes Major Milestone

The Commodity Futures Trading Commission (CFTC) recently announced an award of approximately $4 million to a whistleblower who provided the commission with credible, specific information that led to a successful enforcement action.

It was a milestone case for the CFTC, which surpassed $1 billion in total sanctions associated with whistleblower awards because of the case.

Filing claims with the CFTC

The CFTC Whistleblower Program was established as a part of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. It didn’t issue its first award until 2014, but since then has awarded approximately $123 million to whistleblowers.

Much like with the Securities and Exchange Commission’s whistleblower program, the CFTC program protects the identities of its whistleblowers, refraining from disclosing any information that could potentially reveal their identity, including the nature of the enforcement actions and even the exact dollar amount of awards.Whistleblowers in the program are able to receive a 10 to 30 percent cut of any sanctions collected, with the money paid out of the CFTC Consumer Protection Fund, financed entirely by monetary sanctions paid to the CFTC by violators. Would-be whistleblowers looking to get a recovery by submitting this information must have credible, unique and timely information that substantially assists in the agency being able to successful conduct an enforcement action.

Interested in learning more about the CFTC program and how to submit a tip of your own? Contact an experienced whistleblower lawyer at Kardell Law Group to discuss your case and the information you have.

Awards & Honors
Our Office
  • Dallas Office
    4514 Cole Ave
    Dallas, Texas 75205
    Phone: 214-306-8045
    Fax: 469-729-9926
As Seen In
In his new book, "Standing Up to China: How a Whistleblower Risked Everything for His Country," former client & Author, Ashley Yablon, quotes Attorney Steve Kardell about Whistelblower Law.
  • "Steve Kardell was terrific in representing me in some very adversarial discussions with Citigroup and also later represented me in my testimony before the Financial Crisis Inquiry Commission."  -Richard Bowen, Citigroup Whistleblower

  • "Incredible knowledge of employee related concerns and equally brilliant knowledge of health care regulations, standards of practice. I would recommend this firm to anyone."  -V.B.

  • "Reaching out to Steve Kardell was the best decision I made. His ability to provide immediate insight and direction was very powerful, and a huge relief during a very stressful time period. For anyone struggling with a whistleblower situation, I would highly recommend at least speaking with Steve. After a 10 minute call with him, I had a better understanding of what I was dealing with. Even better, he gave me some immediate hope. In the end Steve did a better job than I thought was possible. Steve was able to get in contact with people in my organization, that I didn’t have access to. Because of his years of experience, he already has contacts in many organizations in Dallas. The entire situation was handled peacefully. I was impressed by his ability to “keep the peace”–rather than creating a battle with the organization. The reason I didn’t reach out to a lawyer initially, was because I thought it would mean an immediate end to any hope of a positive relationship with the company. Steve was able to address my concerns, and in the end I was able to continue to work for them."  -KS

  • "Never thought my career would end like it did after 30 years of service. I was part of the first round of the so called reduction of force. I asked myself how can I be part of this with 30 years of seniority. How did they pick these 90 plus employees? Now, the culture of this organization made you question every decision they made. It wasn’t what you knew it’s was a culture of who you know. Nonetheless, I did not accept their severance package. I immediately starting looking for an attorney who would take on my case. After the initial call to Steve I had hope again. He was open and honest about everything and reassured me he would do his best for me, and he did. I had an awesome outcome. Thanks Steve you’re the best."  -S.S.