U.S. derivatives regulator doles out $45 million to whistleblowers. Exposing Misconduct.

U.S. derivatives regulator doles out $45 million to whistleblowers

August 2, 2018

WASHINGTON (Reuters) – A top U.S. financial regulator announced on Thursday it had awarded whistleblowers over $45 million for helping the watchdog identify improper activity.

The Commodity Futures Trading Commission said the high payouts, a dramatic increase from smaller awards granted in prior years, are evidence the regulator is increasingly receiving tips to help hunt down wrongdoing.

James McDonald, director of the agency’s enforcement division, said it had been a “transformative year” for its whistleblower program, and he expected more to come.

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