by Andrew Feller and Geoff Schweller
Andrew Feller and Geoff Schweller (photos courtesy of Kohn, Kohn & Colapinto, LLP)
On November 15, the U.S. Commodity Futures Trading Commission (CFTC) released its annual report on its Whistleblower Program and Customer Education Initiatives for the 2024 fiscal year. Since it was established in 2010, the CFTC Whistleblower Program, which offers anonymous reporting channels and monetary awards to commodities whistleblowers, has grown into a critical piece of the CFTC’s enforcement arsenal.
The report details what was a record year for the CFTC Whistleblower Program, with the highest-ever number of both whistleblower tips and award applications received and the most award orders issued in a single fiscal year. Ironically, however, due to its growth and success, the program faces a funding crisis threatening to undermine the program.