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CFTC Press Releases·

CFTC Approves Final Rule Concerning Whistleblower Awards

  • The CFTC approved a final rule establishing a 30 percent presumption for whistleblower awards of $5 million or less, subject to Commission discretion.
  • The rule is modeled on SEC rule 21F-6(c) to enhance harmonization between the two agencies.
  • The CFTC expects the provision to improve the efficiency, transparency, and predictability of whistleblower award processing.
  • Chairman Michael S. Selig stated the rule will enable prompt and transparent claim processing.
  • Raagnee Beri, director of the Whistleblower Office, noted the rule will protect program effectiveness and incentivize reporting.
  • The final rule becomes effective 30 days after publication in the Federal Register.