The Commodity Futures Trading Commission (CFTC) commonly works with other government agencies to stop illegal conduct. Further, the CFTC offers large financial rewards to anonymous whistleblowers who expose illegal conduct. More specifically, the agency uses CFTC whistleblower incentives and rewards to detect fraud in the financial markets. These incentives pay millions of dollars to financial professionals who anonymously expose these investment schemes.
The CFTC Pays Large Financial Rewards to Anonymous Whistleblowers
CFTC whistleblower incentives and rewards pay between 10% and 30% of money recovered by the government to whistleblowers. The CFTC often makes extremely large recoveries as it regulates the commodities markets. More specifically, the CFTC regulates several large markets including 1) currencies, 2) oil and gas, 3) swaps, 4) cryptocurrencies, and 5) precious metals. Based on the CFTC’s regulatory powers, the agency commonly fines large corporations and investors several millions or more.
CFTC Whistleblower Incentives Offer Whistleblower Protections to Professionals
The CFTC offers whistleblower protections to individuals with specialized knowledge of significant fraud. These protections and CFTC whistleblower incentives encourage financial professionals and high end investors to expose illegal conduct. These protections and incentives protect whistleblowers’ identities, careers, and reputations.
CFTC Incentives and Protections Target Market Manipulation Schemes and Other Illegal Conduct
The CFTC uses incentives and protections to identify significant illegal conduct in the financial markets. More specifically, the CFTC targets 1) market manipulation schemes, 2) investment fraud, 3) corrupt practices, 4) money laundering, and 5) insider trading. The agency also regulates and fines several other types of illegal conduct including broker fraud.
The CFTC Works With Other Governmental Agencies
The CFTC commonly works with other government agencies in the United States. Further, the agency commonly works with the Securities Exchange Commission SEC, Department of Justice DOJ, and other government agencies. The CFTC also commonly works with other countries to regulate global markets and multinational corporations.