What is the Commodity Futures Trading Commission (CFTC) Whistleblower Law?
The CFTC Whistleblower Law covers cases of fraud within the financial services industry, in particular in the commodities trading markets. It is created by section 748 of a federal statute officially known as the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). The Dodd-Frank Act was signed into law by President Obama in July 2010. Similar to the SEC Whistleblower Law, this law provides rewards to whistleblowers who uncover fraud and wrongdoing in the financial services industry; specifically, in the commodities trading markets. In order to recover a reward, the whistleblower’s information must lead to a recovery in excess of $1 million. The whistleblower will receive 10-30 percent of the recovery.