CFTC Whistleblowers Can Anonymously Expose Money Laundering or Insider Trading and Collect Large Financial Rewards by Texas CFTC Whistleblower Lawyer

CFTC Whistleblowers Can Anonymously Expose Money Laundering, Insider Trading, or other Illegal Acts and Collect Large Financial Rewards by Texas CFTC Whistleblower Lawyer Jason Coomer

The United States Commodity Future Trading Commission (CFTC) is offering large financial rewards to CFTC whistleblowers.  Further, CFTC whistleblowers can anonymously expose money laundering and insider trading through a lawyer and collect financial rewards.  These CFTC money laundering bounty actions and CFTC insider trading bounty actions target illegal scheme nationally and internationally.  Through these bounty actions the CFTC encourages financial professionals and other individuals with specific knowledge of money laundering, insider trading, and other illegal schemes to step forward to expose illegal conduct. 

CFTC Whistleblowers are Encouraged to Expose Money Laundering and Violations of the Bank Secrecy Act

The CFTC is also encouraging financial professionals and other individuals with original knowledge of money laundering to expose violations of the the Bank Secrecy Act and other violations of Anti-Money Laundering Laws.  The Bank Secrecy Act (BSA), as amended by the Patriot Act, is designed to prevent, detect, and prosecute international money laundering and the financing of terrorism. The BSA and related regulations require futures commission merchants (FCMs) and introducing brokers (IBs) to establish anti-money laundering (AML) programs, report suspicious activity, verify the identity of customers and apply enhanced due diligence to certain types of accounts involving foreign persons.

CFTC Whistleblowers Expose Money Laundering and Insider Trading

The CFTC is targeting futures commission merchants (FCMs) and introducing brokers who fail to comply with Bank Secrecy Act requirements.  More specifically, CFTC Whistleblowers with original knowledge of the following conduct are encouraged to expose the violations.

1. Improper supervision and records violations
2. Failure to diligently supervise officers’, employees’, and agents’ opening and handling of accounts  
3. Failure to protect customers and the markets from fraud and corruption
4. Improper enforcement of trading limits assigned by regulators
5. Inadequate construction of a customer identification program as part of the firm’s compliance program  
6. Failure to file suspicious activity reports 

Insider Trading Can Be The Basis of CFTC Bounty Actions

CFTC Whistleblowers are encouraged to expose insider trading.  CFTC Whistleblowers are encouraged to expose insider trading including individuals who have a duty to protect material nonpublic information (MNPI). The CFTC is concerned with conduct such as:

1. Trading on market moving information that the source had a duty to protect
2. Brokers front running customer orders or taking the other side of any customer order without consent
3. Tipping or trading using material nonpublic information MNPI obtained by virtue of employment 
4. Trading on material nonpublic information MNPI that was obtained by fraud or deception
5. FCMs or brokers improperly disclosing customer orders or other material nonpublic information MNPI 
6. Swap dealers or major swap participants improperly disclosing material nonpublic information MNPI or using MNPI provided by a  counterparty without the counterparty’s consent

Financial professionals, auditors, high end investors and others with specialized knowledge of insider trading conduct are encouraged to expose insider trading schemes.

More Information CFTC Bounty Actions

For more information on CFTC bounty actions, please go to the following web page: Securities Fraud and Commodities Fraud Bounty Actions and CFTC Bounty Action Lawyer: Confidential Reviews and Anonymous Reporting.