Recent Client Success Stories

How We Help Fight Discrimination, Retaliation, and Wage Theft on Behalf of Our Clients.

See Success Stories
CFTC Whistleblower Attorneys

Federal and state laws protect people who report their employer’s illegal activity to governmental bodies. Individuals involved in commodities and futures trading who observe and report illegal activity are protected under the U.S. Commodities and Futures Trading Commission (CFTC) Whistleblower Program

The CFTC Whistleblower Program can be challenging to navigate. The fierce CFTC whistleblower attorneys at King & Siegel LLP can help you with the CFTC whistleblower process. We can advise you on your rights and obligations and help you make informed decisions to protect your best interests.

CFTC Whistleblower Program

The CFTC Whistleblower Program was established by the Dodd-Frank Act to encourage individuals to report possible violations of the Commodity Exchange Act (CEA) and CFTC regulations. The program has several notable features. It provides financial incentives to whistleblowers who provide original information that leads to successful enforcement action. Whistleblowers may be eligible for an award of between 10% and 30% of the monetary sanctions collected in a successful enforcement action.

It also provides protections for whistleblowers. It prohibits retaliation against any individual who reports illegal activity to the CFTC. It also provides confidentiality. This means that the CFTC doesn’t disclose the identity of whistleblowers except in limited circumstances.

This is a general description of the CFTC Whistleblower Program. You should speak with one of the CFTC whistleblower lawyers at King & Siegel LLC today for more detailed information. 

Violations Covered by the CFTC Whistleblower Program

The CFTC Whistleblower Program regulates and prevents fraud in the commodity futures and swaps markets. Some types of fraud under the CFTC Whistleblower Program include:

  • Insider trading—using non-public information to trade in commodity futures or swaps;
  • Manipulation—attempting to interfere with the normal functioning of the commodity futures or swaps markets through deceitful or fraudulent means, such as spreading false information or cornering the market;
  • False reporting—providing false or misleading information to the CFTC or other regulatory body;
  • Misappropriation—stealing or misusing funds or property entrusted to one’s care;
  • False statements—making false statements or omissions in connection with a commodity interest transaction; and
  • Spoofing—manipulating the market by placing fake orders with the intent of tricking other market participants and profiting from the resulting market movements.

These are just a few examples. You should speak with one of our commodities fraud lawyers to determine if your situation falls within the CFTC’s purview.

I don't have words to thank you the king and Siegel team worked so hard on my case during the pandemic and I am so grateful and proud of my outcome with them. They are reasonable and reliable. Those you can trust .. everytime I had a question they would answer it I recommend them 100 percent.. am so thankful for the team .. my worries and stress are over .. a huge weight over my shoulder was lifted and was able to help my family during this hard time thank you so much king and Siegel team..
Vanessa Ponce
Vanessa Ponce
March 8, 2022
I was really nervous about hiring a lawyer but Julian and everyone in her office made the process as stress-free as it could be. She is kind, reassuring and confident and that helps make the process feel less scary. she also knows what kinds of outcomes are reasonable and will explain in detail why, and has a plan to get there. I cannot recommend her more highly.
Ines Martinez
Ines Martinez
March 8, 2022
I had the pleasure of being represented by this wonderful office and their attorneys! They were very quick about answering any questions and most times explained things so well that my questions were answered before I got the chance to ask them. I had an amazing experience, everyone is kind and very attentive to your wants and needs. A case can be very stressful and they did a great job at keeping me sane and comfortable through the entire process. I recommend them 100%.
Adrianna Sells
Adrianna Sells
October 25, 2021
This in an incredibly professional and responsive firm. There was an ease about getting initial information, scheduling, and working with their talented team. While I found it to be true of everyone that I encountered here, it was Julian Burns King that really went above and beyond. Her expertise, experience, and knowledge of employment law and its many facets coupled with her empathy and compassion for her clients, is truly one of a kind. I would absolutely recommend King & Siegel to anyone in need of legal advice or representation.
Jeri Mares
Jeri Mares
October 12, 2021
Everyone at this firm was so helpful, supportive, and nice. The settlement I got changed my life and working with them was as good as a lawsuit could possibly be. I am so glad I found them for my wrongful termination suit.
Evelyn A
Evelyn A
September 25, 2021
I’m glad I trusted the team of King & Seigel to handle my case they are the definition of professionalism. They were honest and very upfront with the process and kept me informed every step of the way not to mention I’m more than happy with the results. Thank you again to the team of King and Seigel.
Ramon Rodriguez
Ramon Rodriguez
December 9, 2020
Julian & Elliot are very good lawyers and I am glad I trusted them with my case. When I hired attorneys, I didn't know what to look for, but I am glad I found them. They were always attentive to my case and I never felt lost even though I did not have any prior experience with litigation. Ultimately, they got a result I was happy with and I am so glad I had them to help me put this experience behind me. You would be lucky to have them in your corner.
Ryan J
Ryan J
August 5, 2020
I would like to thank this amazing duo and their staff for taking care of my friend and I. They were patient and polite, very prompt, and always professional! Thank you all so much! 💜
Yanni Boo
Yanni Boo
July 15, 2020

Types of Commodities Trading the CFTC Oversees

The CFTC oversees trading in a wide range of commodities. These include:

  • Agricultural commodities like grains, livestock, and “softs” such as coffee, cocoa, and sugar;
  • Energy commodities such as crude oil, natural gas, heating oil, and gasoline;
  • Metals such as gold, silver, copper, and aluminum; and
  • Financial commodities, including interest rates, foreign currencies, and cryptocurrencies.

The CFTC also has the authority to oversee trading in other commodity markets. Contact our commodities fraud attorneys today to determine if the CFTC program or another whistleblower program covers you.

How to File a Tip

If you would like to file a tip with the CFTC Whistleblower Program, you must fill out the agency’s tip, complaint, and referral form (TCR form). You can file it online, by mail, or by fax. 

The TCR form requires detailed information. The CFTC whistleblower lawyers at King & Siegel LLP can help you compile all the data and information you’ll need for your tip to increase the chances of the CFTC acting on your information. 

Eligibility for an Award

To be eligible for an award under the CFTC Whistleblower Program, an individual must provide original information to the CFTC that leads to a successful enforcement action resulting in monetary sanctions of $1 million or more. The whistleblower must also comply with the program’s procedural requirements, like filing a Form TCR, participating in any investigation, and responding to follow-up requests.

The whistleblower may be excluded from eligibility if they have a legal or contractual duty to report the information. They may also be excluded if they obtain the information when committing a crime.

Our office can help you understand award eligibility. Plus, we can work with the CFTC to ensure that you receive the award to which you are entitled.

Past CFTC Awards 

The following are examples of CFTC enforcement actions with public awards:

  • In 2019, the CFTC announced an award of $7 million to a whistleblower whose tip led the CFTC to investigate and ultimately find a violation of the Commodity Exchange Act (CEA);
  • In 2020, the CFTC announced an award of more than $9 million to a whistleblower whose information led to a successful enforcement action; and 
  • In 2021, the CFTC announced a historic award of $200 million to a whistleblower whose information led to successful enforcement actions by the CFTC, another federal regulator and a foreign regulator.

The CFTC did not disclose the identity of these whistleblowers or any information that could reveal their identity.

CFTC Whistleblower Program Retaliation Protections

Retaliation is any adverse action taken against an individual for reporting a possible violation to the CFTC. Examples of retaliation include termination of employment, demotion, harassment, or other forms of discrimination. 

The CFTC Whistleblower Program prohibits retaliation. If a whistleblower believes they’re the victim of retaliation, they can contact the CFTC. The CFTC may bring an enforcement action against the retaliatory party. The whistleblower may also file a civil case for retaliation, where they can seek damages, including lost wages, special damages, and attorney fees and costs.

It’s important to understand all your options if you’ve been subject to retaliation. Contact King & Siegel LLP to help you take steps to protect your best interests.

King & Siegel LLP Fights for CFTC Whistleblowers

The CFTC Whistleblower Program can be complex and intimidating. You need a fierce advocate to fight for your best interests and help you keep your information secure. 

The CFTC whistleblower attorneys at King & Siegel LLP can help in several ways, including:

  • Providing guidance for submitting a tip;
  • Helping the whistleblower to present the information clearly and persuasively;
  • Advising on the potential risks and benefits, including the possibility of retaliation and the potential for an award;
  • Representing the whistleblower in any interactions with the CFTC; and
  • Assisting the whistleblower with filing anonymously.

King & Siegel LLP can help secure your protection throughout this process. Contact us today.

FAQs

Can I File a Tip Anonymously?  

Yes. You must first contact the CFTC by email at whistleblower@cftc.gov or call the Whistleblower Hotline at 1-866-873-5675 before you file if you wish to remain anonymous

Filing an anonymous tip can be complicated. Anonymous whistleblowers should work with a lawyer to help keep their identity confidential. Call one of our CFTC whistleblower lawyers today to help you navigate this process. 

How Does the CFTC Decide on Whether to Grant an Award?

The CFTC grants awards to an eligible whistleblower on a case-by-case basis. The CFTC considers several factors, including:

  • The significance of the information;
  • The degree of assistance;
  • The participation of the whistleblower in the CFTC’s investigation and enforcement action; and
  • Whether the CFTC imposes sanctions against the company; 

The CFTC may also consider whether the information provided by the whistleblower is original and if the whistleblower participated in the misconduct. The attorneys at King & Siegel LLP can help whistleblowers compile their tips in a manner that increases the likelihood of an award.

Choosing the Right Attorney Can Make All the Difference

We Get Results

We go toe-to-toe with employers to get you the compensation you deserve.

Free, No-Strings-Attached Consultations

All consultations are 100% free. Not sure you have a case? That's fine. We're happy to learn more about your situation and point you in the right direction.

Clients Always Come First

We understand that our clients trust us with their most personal and critical legal issues. We do not take this responsibility lightly. You are not just a number to us.

We Are Passionate About What We Do

We started King & Siegel because we believe that the same aggressive, skilled, and passionate litigation tactics we learned at big firms could and should be available to workers and consumers in their most critical legal moments—when you are harassed, assaulted, demoted, fired, defrauded, or exploited by the institutions you rely on.

Our Firm is Dedicated to Excellence

We graduated from top-five law schools, including Harvard and NYU, and trained at the country's biggest and best litigation firms. As contingency attorneys, you don't pay us unless you win, which means our incentives are 100% aligned. We win if you win. It's that simple.