SEC and CFTC Whistleblower
Programs and Anti-Retaliation
SEC and CFTC Whistleblower Programs
SEC Whistleblower Program
To encourage and incentivize individuals to report securities violations
CFTC Whistleblower Program
To encourage and incentivize individuals to report commodities violations
Protections for whistleblowers
SEC & CFTC Whistleblower Programs
The Dodd-Frank Act, formally known as the Wall Street Reform and Consumer Protection Act, is a major US financial regulatory law that created whistleblower reward programs at the Securities and Exchange Commission and at the Commody Futures Trading Commission.
Under the Act, this reward program is for eligible SEC/CFTC whistleblowers who provide original information that leads to successful SEC/CFTC enforcement actions with total monetary sanctions exceeding $1 million.
Violations can include the following areas:
Under the Rules of the SEC Whistleblower Program, whistleblowers have the ability to report anonymously if represented by an attorney.
Also the SEC Whistleblower Program also offers protection against retaliation.