Release Number 8506-22

CFTC Awards Approximately $625,000 to Four Whistleblowers

March 28, 2022

Washington, D.C. — The Commodity Futures Trading Commission today announced a whistleblower award of approximately $625,000 to four whistleblowers. This award recognizes the contributions of each of them, three of whom provided support to the CFTC jointly. One of the whistleblowers received a higher award percentage to recognize that he or she provided the highest level of ongoing assistance and cooperation to the Division of Enforcement.

“As reflected in the final order, the whistleblowers in this matter provided a high degree of support to Enforcement staff,” said CFTC Acting Director of Enforcement Vincent McGonagle. “After the matter was opened, the whistleblowers either individually or jointly provided ongoing cooperation and assistance that helped support several of the charges against the defendants.”

“We truly appreciate the efforts of the four meritorious whistleblowers in this matter,” said Whistleblower Office Director Christopher Ehrman. “While each of the whistleblowers provided critical information in this complicated matter, it is important that we recognize the whistleblower whose contributions went above and beyond to support the CFTC’s enforcement efforts.”

About the CFTC’s Whistleblower Program

The CFTC’s Whistleblower Program was created under Section 748 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. Since issuing its first award in 2014, the CFTC has granted whistleblower awards amounting to approximately $330 million. Those awards are associated with enforcement actions that have resulted in monetary sanctions totaling more than $3 billion. The CFTC issues awards related not only to the agency’s enforcement actions, but also in connection with actions brought by other domestic or foreign regulators if certain conditions are met.

The Commodity Exchange Act (CEA) provides confidentiality protections for whistleblowers. Regardless of whether the CFTC grants an award, the CFTC will not disclose any information that could reasonably be expected to reveal a whistleblower’s identity, except in limited circumstances. Consistent with this confidentiality protection, the CFTC will not disclose the name of the enforcement action in which the whistleblower provided information or the exact dollar amount of the award granted.

Whistleblowers are eligible to receive between 10 and 30 percent of the monetary sanctions collected. All whistleblower awards are paid from the CFTC’s Customer Protection Fund, which was established by Congress, and is financed entirely through monetary sanctions paid to the CFTC by violators of the CEA. No money is taken or withheld from injured customers to fund the program.

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Anyone with information related to potential violations of the CEA or the CFTC’s rules and regulations can submit a tip electronically by filing a Form TCR (Tip, Complaint or Referral) online.

Go to for more information about CFTC’s Whistleblower program.