The Commission also considered, however, that Claimant had some involvement in two of the transactions that were charged by the Commission in the Covered Action. Woah, for any potential whistleblowers out there that are worried about coming forward because they may have had a hand in the misconduct they want
Press Release The Commodity Futures Trading Commission today announced an award of over $18 million to a whistleblower who provided detailed information and assistance in a CFTC enforcement action and in a related action by another agency. The whistleblower provided assistance to the Division of Enforcement’s (DOE) staff that
Press Release: The Commodity Futures Trading Commission today announced an award of more than $300,000 to a whistleblower whose particularly informative tip caused the Division of Enforcement (DOE) to open an investigation that led to an underlying enforcement action. That tip precisely and accurately described the misconduct at issue.
Source: https://www.whistleblower.gov/sites/whistleblower/files/2023-09/No. 23-WB-05.pdf Source: https://www.whistleblower.gov/sites/whistleblower/files/2023-09/No. 23-WB-06.pdf Press Release: The Commodity Futures Trading Commission today announced whistleblower awards totaling over $15 million to two whistleblowers who provided significant information and assistance that led
https://www.sec.gov/files/rules/other/2023/34-98235.pdf https://www.sec.gov/files/rules/other/2023/34-98236.pdf TLDRS: * SEC issues a whistleblower award of approximately $1.5 and a whistleblower award of $600,000. * Meaning the potential total fine paid was between $7 million and $21 million
It sure would be great to know more about leads to such a big fine! https://www.sec.gov/files/rules/other/2023/34-98219.pdf TLDRS: * SEC Awards Whistleblower More Than $18 Million. * With the award 10%-30% of the fine levied, the fine for this infraction ranged between $60
Since the award can range from 10% to 30% of the fine, the award given is somewhere in this range: * Given that the award is $104 million, the equation could be represented as: * 0.10x≤$104 million * 0.30x≥$104 million * The fine for this award ranged between $346.67