The Dodd-Frank Whistleblower Program of the CFTC aims to encourage whistleblowers from around the world to submit original, quality information to assist its Division of Enforcement to investigate and prosecute any conduct and fraud in violation of the Commodity Exchange Act or CFTC regulations. Enforcement actions are brought against persons and companies who are engaged in improper and unlawful commodity futures and options trading, and those who unlawfully market in futures and options contracts. This includes fraud, deception, price manipulation and false reporting. Whistleblowers are key in the prosecution and ending of this fraud to protect the CFTC.
The CFTC’s Division of Enforcement investigates and prosecutes a large number of cases across several different areas of commodity futures and options trading fraud, including fraud, market manipulation, and abuse of commodity derivatives and swaps that threaten market integrity and public confidence. Whistleblowers are encouraged to contact experienced counsel with any information regarding fraud in these areas. Some of the common areas of CFTC enforcement include:
- Market manipulation
- Ponzi, pyramid, or other schemes
- Other fraud schemes in connection with commodities, futures and swaps
- False or fraudulent statements
Hagens Berman represents several whistleblower actions under the CFTC and SEC Whistleblower Programs, including representation of high-profile market expert Haim Bodek, and marshals its significant nationwide resources and expertise in financial fraud to best present whistleblower matters to the SEC and CFTC.