Commodities & Futures Fraud
Commodities and futures define many of the largest and most-actively traded assets in the world. Tangible commodities such as oil, pork bellies, orange juice, copper and wheat, show up in our daily lives. While other asset classes such as financial options, currency futures and any number of complex derivatives also are a part of the commodities and futures markets, all of which are regulated by the Commodities and Futures Trading Corporation, or the CFTC. The kinds of companies that fall under the regulation of the CFTC include hedge funds, futures brokers, commodities and exchange traders, commodities pool operators and a other participants in these large, highly liquid markets.
The Dodd-Frank Wall Street Reform and Protection Act created the CFTC Whistleblower Program.
The CFTC Whistleblower Office was created as a result of the Dodd Frank Act in 2010 and awards eligible whistleblowers that provide voluntary information to the CFTC about those who violated the Commodity Exchange Act. The awards can range from 10% to 30% of the monetary sanctions recouped by the U.S. government. The Dodd Frank Act also established protections for CFTC whistleblowers which prohibit employer retaliations against anyone who brings forward information about potential violations. Whistleblower Justice Network understands the complexities of being a whistleblower and can partner with you to build your information into the best possible case.
CFTC Areas for Potential Fraud
- Commodity pool fraud
- Foreign currency or Forex Fraud
- Precious Metals Fraud
- Binary Options
- Commodity trading systems sold on the internet
Latest CFTC Fraud News
“Real Time Trade Room” Not Real-Time, Doesn’t Trade
In October of 2017, the Commodities Trading Futures Commission (CFTC) settled a case brought against FTS Financial, Inc. and its proprietors after finding their brazen
Bitcoin Futures Flourish Under CFTC Approval, but Danger Still Looms
It is no secret that Bitcoin is on the rise; the cryptocurrency has gained a significant amount of momentum since its introduction to the market
Arizona Trader Fined $2.5M for Ponzi Scheme Involvement
A commodity trading advisory company based out of Mesa, Arizona, as well as its proprietor, have been permanently banned from any future trading activity following a
First Federal Case of Its Kind Unveils $1.4 Million “Spoofing” Scheme
The conception of the Dodd-Frank Wall Street Reform and Consumer Protection Act has come to fruition in the uncovering of a large-scale commodities exchange scheme,
Our case analysts help whistleblowers fully understand, organize and refine the information that they have in their possession. Complemented by our understanding of a wide array of financial fraud, Whistleblower Justice Network will help you make your best case, determine the most appropriate law firm to handle your case, and ensure that your case receives the attention it deserves every step of the way.
Contact us today and let us explain how we work with whistleblowers in pursuit of justice against those who defraud the U.S. government, and each of us as its citizens. Working with whistleblowers, and filing whistleblower actions is all we do as a company. We are whistleblowers ourselves, and we love what we do. Our clients and Whistleblower Justice Network, together we make a difference.