Search Site

CFTC Issues $9 Million Whistleblower Award, One of its Largest Yet

The Commodities Futures Trading Commission (CFTC) announced this summer a whistleblower award of approximately $9 million, one of its most valuable awards yet.

The award was granted to a whistleblower who provided specific, credible and timely information that led the CFTC to open an investigation that ultimately led to a successful enforcement action. It is one of the five largest awards granted in the program’s history and another sign of the program’s health.

About the CFTC Whistleblower Program

While the Securities and Exchange Commission’s whistleblower program has offered more awards since its inception, the CFTC’s program has also been particularly active in the last several years, with this most recent award bringing the total money award to whistleblowers up to $120 million. CFTC enforcement actions associated with those awards resulted in nearly $950 million in sanctions.

Like with the SEC program, CFTC whistleblowers are eligible to receive anywhere from 10 to 30 percent of the monetary sanctions collected. The money paid out to whistleblowers comes from the CFTC Customer protection Fund, established by Congress and funded through the monetary sanctions paid to the CFTC by violators. In this sense, it is an entirely self-sustaining program.

Whistleblowers who go through the program are guaranteed confidentiality protections. The CFTC does not release any information that could potentially reveal the identity of the whistleblower, with rare exceptions.

For more information about when and how to file a whistleblower complaint through the CFTC, contact an experienced whistleblower attorney at Kardell Law Group.

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.