Combined, the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) have awarded more than $2 billion to whistleblowers.
The agencies’ whistleblower programs, which were created alongside each other with the passage of the Dodd-Frank Act in 2010, passed the $2 billion threshold during the 2023 Fiscal Year. Kohn, Kohn & Colapinto has published indexes tracking all the whistleblower award orders issued by both the SEC and CFTC.
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While the programs have been immensely successful, further reforms are needed to ensure that programs stay funded and that whistleblowers are not unfairly disqualified from awards. Bipartisan bills offering much-needed reforms to each program are currently pending in Congress. Swift passage of these bills can help ensure that the SEC and CFTC whistleblower programs continue to bring in billions of dollars for taxpayers.
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