Commodity Futures Trading

Supportive Representation For Reporting CFTC Fraud
The Commodity Futures Trading Commission is a government agency that is intended to protect the public from fraudulent or manipulative business practices related to sales within financial and commodity markets. Similar to the Securities and Exchange Commission (SEC), the CFTC collaborates with law enforcement agencies in order to uncover fraudulent business practices that violate the Commodity Exchanges Act (7 USC 1).

Individuals who assist the CFTC’s enforcement actions by providing information on fraudulent acts may be entitled to an award from the Commodity Futures Trading Commission Customer Protection Fund. A common fraudulent business practice prohibited by the Commodity Exchanges Act is to cheat or defraud another in relation to the sale of a commodity in interstate commerce. Often this form of fraud can go unnoticed by governmental entities such as CFTC unless an employee or insider reports the fraudulent business practice.

Who Qualifies for Whistleblower Protection?
An employee who reports such fraudulent behavior is often referred to as a whistleblower. In most cases, whistleblowers face risks when blowing the whistle on the fraud, including forms of retaliation such as termination of their employment, demotion, harassment or discrimination. A whistleblower may be entitled to receive financial compensation for potential lost wages or other personal damage as a result of blowing the whistle on the fraud.