Mirroring existing SEC authority, the CFTC’s proposal would allow it to impose sanctions for retaliation against whistleblowers.
On August 30, 2016, the US Commodity Futures Trading Commission (CFTC) published proposed amendments to its whistleblower program (the CFTC Proposal).1 Drawing from the CFTC’s experience in administering its whistleblower program (the CFTC Program) over the past five years, as well as strides the US Securities and Exchange Commission (SEC) has made in administering its analogous program (the SEC Program), the CFTC Proposal would enhance the whistleblower review process and adopt enforcement authority for whistleblower retaliation. The CFTC has invited comments on the proposed amendments to be submitted on or before September 29, 2016.
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