Commodities Fraud Whistleblower Reward

Commodities Fraud Can Be The Basis of Large Whistleblower Reward Bounty Actions by Commodities Fraud Whistleblower Reward Lawyer and Commodity Futures Trading Commission Bounty Action Lawyer Jason S. Coomer

The Federal Government has enacted new Commodities Fraud Whistleblower Reward laws. These laws offer large financial rewards to individuals who anonymously expose violations of the Commodity Exchange Act. More specifically, these laws allow professionals to expose fraud through an attorney while protecting their identity and seeking a financial reward.

For more information on this area of law, please review the this web site. Also, please feel free to contact CFTC Bounty Action Lawyer, Jason S. Coomer via e-mail message or use our Submission Form.

Commodities Fraud Whistleblower Reward: Commodities chart displayed on a monitor.

Professionals Who Anonymously Report Commodities Fraud Schemes Can Earn Large Financial Rewards

The Commodity Futures Trading Commission (CFTC) is offering large financial rewards to commodities fraud whistleblowers. Through these rewards, the CFTC is targeting fraud in the Futures Market and Financial Services Industry.  These CFTC Whistleblower Bounty Laws encourage individuals with knowledge of fraud and CFTC violations, to expose the fraud and corruption.  More specifically, the laws encourage financial services professionals, high end investors, government officials, and international regulators to expose fraud. These CFTC Bounty Actions also offer whistleblower protections for persons who properly expose fraud.

The CFTC Rewards Whistleblowers Through Commodity Fraud Whistleblower Reward Laws and Is Actively Seeking New Ones

The CFTC has already begun awarding rewards to several whistleblowers.  In fact, the Director of the Division of Enforcement, has publicly stated that “receiving high quality information from whistleblowers is an essential part of the CFTC’s overall enforcement program.  Such information allows the staff to bring cases more quickly and with fewer agency resources, and we will continue to provide financial incentives for people with specific and credible information about violations of the CEA to come forward.”

If you have original knowledge of significant fraud and are interested in learning more about a CFTC whistleblower lawsuit, please feel free to contact Commodity Futures Fraud Whistleblower Lawyer and Securities Fraud Whistleblower Lawyer Jason Coomer via e-mail message.

The Commodity Futures Trading Commission (CFTC) Regulates Futures and Options Trading

The CFTC regulates the trading of commodity futures and options contracts. More specifically, it oversees the commodities market in the United States. Commodities include oil products, precious metals, agricultural products, swaps, derivatives, and currencies. The agency also takes action against firms suspected of illegally or fraudulently selling commodity futures and options.

More specifically, the CFTC is an independent agency with the mandate to regulate commodity futures and option markets. Since 1974, the agency’s regulatory mandate has been renewed and expanded several times since then.

Additionally, the CFTC protects market users and the public from fraud, manipulation, and abusive practices in the financial markets.  Further, the agency is targeting fraud related to the sale of commodity and financial futures and options. It also fosters open, competitive, and financially sound futures and option markets.

CFTC Bounty Actions Need To Be Brought Voluntarily and Expose Significant Fraud

CFTC bounty actions like SEC bounty actions must be brought voluntarily under the Bounty Programs.  Further, successful CFTC and SEC bounty whistleblowers  must expose fraud can that result in the imposition of monetary sanctions of greater than $1 million dollars. However, fraud schemes typically need to be substantially more than this amount to merit CFTC action.

Through CFTC and SEC Whistleblower Bounty Actions, the CFTC and SEC awards between ten percent and thirty percent of the money collected to a qualified whistleblowers. After a recovery, both agencies verify the information provided by the whistleblower and determine the amount of the rewards. Further, the agencies verify the information was provided voluntarily and was original information.

Commodities Fraud Whistleblower Reward Lawsuit Information, CFTC Whistleblower Incentive Program Lawsuit Information, & Commodity Futures Trading Commission Bounty Action Information

Monitoring the commodity futures market requires a highly coordinated effort including the efforts of investors.  The CFTC encourages investors who are aware of illegal activities in the commodity futures market to expose blow illegal actions.  More specifically, these illegal actions include: Fraud, Insider Trading, Money Laundering, and Market Manipulation. Any of these illegal acts can be the basis of a bounty action under commodities fraud whistleblower reward laws.

Targeted CFTC Violations and Illegal Conduct

The CFTC is targeting fraud including brokers who misrepresent the likelihood of profit or loss in commodity contracts. More specifically, this fraud includes false or misleading statements about futures or option trading.

The agency is also targeting breaches of fiduciary duty by brokers or salespersons in violation of the Commodity Exchange Act or CFTC rules. The CFTC also prohibits unauthorized trading and misappropriation by brokers. They also prohibit churning and excessive trading of investment accounts for the purpose of producing commissions and with disregard of your financial interests. Further, other actions prohibited by the CFTC include wrongful liquidation, failure to supervise, and non disclosures.

If you are aware of these illegal actions being committed it is important that you expose these actions.  There are several ways to expose these illegal actions including anonymous reporting procedures.  For  this reason, whistleblowers commonly expose commodities fraud schemes through a lawyer.  More specifically, the lawyer confidentially reviews the potential case and provides advice as to which laws apply and the strength of the potential case. through an attorney.

The laws also require original information or specialized information of significant commodities fraud. Further, the bounty actions need to be properly reported to the CFTC.  Both issues typically need to be reviewed by a lawyer prior to submitting to the CFTC or SEC.

Bounty Actions Can Be Used to Expose Securities Fraud, Commodities Fraud, and other Forms of Investment Fraud

With the success of the Federal False Claims Act, the United States has enacted Bounty Action Laws. These laws expose investment fraud, commodities fraud, and securities fraud. These Bounty Action are section 21F of the Securities Exchange Act (SEC Whistleblower Bounty Actions), and section 23 of the Commodity Exchange Act (CFTC Whisteblower Bounty Actions).

These laws were enacted in response to massive fraud in the financial markets. These whistleblower recovery laws encourage people with specialized knowledge of significant investment fraud to expose the fraud.  The laws target securities fraud, SEC violations, commodity futures fraud, violations of the foreign corrupt practices act, and other financial fraud. These whistleblower reward laws protect whistleblowers that blow the whistle on financial fraud.

More Resources on Investment Fraud Bounty Actions and Commodities Fraud Whistleblower Rewards

As a SEC CFTC Bounty Action Whistleblower Lawyer, Jason Coomer works with CFTC whistleblowers to confidentially gather information regarding bounty actions.  He reviews several different types of financial fraud and investment fraud which can be the basis for these bounty actions. For more information on SEC Whistleblower Reward Bounty Actions and CFTC Whistleblower Reward Bounty Actions, please feel to go to the following web pages:

Foreign Corrupt Practices Act Whistleblowers

The Foreign Corrupt Practices Act and the new SEC Whistleblower Incentive Program work together to reward whistleblowers with original and specialized knowledge and evidence of international business corporate bribery and illegal kickbacks. These new international business whistleblower reward laws are part of a worldwide movement to expose and punish government corruption such as contract bribes, illegal kickbacks, and large scale international fraud.

International Foreign Corrupt Practices Act Resources

These Foreign Corrupt Practices Act should help prevent government corruption in many countries including Russia, China , Mexico, and Brazil.

Employee Whistleblower Recovery Lawyer, Employee Whistleblower Recovery False Claims Act Lawyer, Employee Whistleblower IRS Reward Lawyer, Employee Whistleblower SEC Bounty Action Lawyer, and Employee Whistleblower Recovery CFTC Lawyer (Qui Tam Award & Employee Whistleblower Recovery Lawsuit Information)

Employee whistleblower recovery laws in the United States have been recently passed and strengthened to encourage employees with specialized knowledge of fraud to blow the whistle on significant fraud. These employee whistleblower recovery laws provide strong whistleblower protections and large economic incentives to employee whistleblowers. For more information on Employee Whistleblower Laws, please go to the following web page, Employee Whistleblower Award & Recovery Lawsuits.

Qui Tam Actions and Bounty Actions Create Economic Incentives through Whistleblower Recovery Law that are Extremely Effective in Exposing and Preventing Fraud Against the Government as well as other Unlawful Conduct

Offering large financial rewards to persons with knowledge of crimes is not new. Many governments use bounty actions to detect illegal conduct and fraudulent schemes. These bounties are an extremely effective method of identifying unlawful conduct and criminals. When the government offers economic rewards to private citizens for exposing fraud against the government, such actions are called “qui tam actions”. In these actions, the plaintiff sues on their own behalf as well for as on behalf of the government.

Bounty Actions however are different. More specifically, in bounty actions the government still controls and files the lawsuit.  The whistleblowers act only as the original source of information. In other words, the bounty action whistleblower does not file suit and is not a party to the legal action.

Overall, all Reward Laws set up economic incentives to supplement government regulation. Further, the laws help enforcement by encouraging whistleblowers with specialized knowledge of significant fraudulent schemes to expose the schemes.

For more information on whistleblower reward laws, please go to the following web page on Whistleblower Recovery Lawsuits

Whistleblower Reward Lawsuits Recover Billions of Dollars From Corporations Committing Fraud and Other Illegal Conduct

Under Federal law, whistleblower recoveries come through four different whistleblower recovery laws. Federal False Claims Act is the oldest of the laws and has brought in over $30 Billion. Under this law successful whistleblowers have been awarded over $3 Billion. Further, rewards under this law should continue to expand.

The SEC and CFTC also have already recovered hundreds of millions from corporations who have violated the law. Further, they have detected and prevented huge investment fraud schemes in the financial markets. As such, they deter and prevent  billions of dollars in fraud.

Qui Tam Whistleblower Reward Lawsuits and Bounty Action Whistleblower Reward Lawsuits by Qui Tam Whistleblower Reward Lawyer, Federal False Claims Act Lawyer, and Bounty Action Whistleblower Reward Lawyer

Through Qui Tam Whistleblower Reward Lawsuits billions of dollars have recovered from fraudulent government contractors that have stolen large amounts of money from the government and taxpayers. It is extremely important that Whistleblowers continue to expose fraudulent billing practices and corruption that cost billions of dollars.

If you are aware of a large government contractor that is defrauding the United States Government out of millions or billions of dollars, contact Qui Tam Whistleblower Reward Lawyer and Bounty Action Whistleblower Reward Lawyer Qui Tam Whistleblower Reward Lawyer and Bounty Action Whistleblower Reward Lawyer Jason Coomer. As a Texas Whistle Blower Lawyer, he works with other powerful qui tam lawyers that handle large Government Fraud cases. He works with San Antonio Whistleblower Lawyers, Dallas Whistleblower Lawyers, Houston Government Fraud Lawyers, and other Texas Whistleblower Lawyers as well as with Whistleblower Lawyers throughout the nation to blow the whistle on fraud that hurts the United States and taxpayers.