Section 748

CFTC Issues Final Whistleblower Rules Under Dodd-Frank: Incentives and Protections

On August 4, the Commodity Futures Trading Commission issued final rules implementing its whistleblower program under Section 748 of the Dodd-Frank Act. These rules will take effect sixty days after their publication in the Federal Register, scheduled for August 25, and will be found at 17 C.F.R. Part 165. Click here for the complete summary.

CFTC Whistleblower Incentives and Protection

On August 4, pursuant to Section 748 of the Dodd-Frank Act, the CFTC adopted final rules concerning commodity whistleblower incentives and protection. The CFTC will pay awards to whistleblowers who provide original information leading to the successful enforcement of a CFTC action resulting in monetary sanctions exceeding $1 million. The CFTC will determine the amount of the award (10 to 30 percent of the collected sanctions) based upon the following criteria: (i) significance of information; (ii) degree of assistance provided in support of a covered judicial or administrative action; (iii) programmatic interest; (iv) and any other criteria other than the balance of the CFTC Customer Protection Fund. The final rules will be effective 60 days after publication in the Federal Register. CFTC Release. CFTC Q&A.