Since 1974, the CFTC has been tasked with regulating the futures investment market. This federal agency, known as the United States Commodities Futures Trading Commission, is designed to punish traders who engage in unfair practices.
There are numerous illegal activities that can occur in these transactions, but the government’s resources are limited to police them. A Columbia CFTC whistleblower lawyer could assist someone with inside information about a violation, report it to the government, and potentially recover a substantial reward.
Let a dedicated whistleblower attorney guide you through your options, including the potential for significant financial rewards. Contact our law office today to schedule a meeting with our professional legal team.
The Commodity Exchange Act is a bundle of federal laws that outlines several federal crimes, many of which are related to futures trading. These offenses can involve careless behavior like poor record-keeping, but they are more likely to relate to reckless or dangerous trades.
The CFTC polices high-risk trades that put investors in danger. They also investigate companies that fail to comply with capital or margin requirements. The goal is to stop these companies from making trades that will ultimately hurt investors.
One major enforcement option involves relying on private citizens and trading house employees to act as whistleblowers. When the information they provide results in criminal prosecution or administrative action, any recovered funds may be shared as a reward. A whistleblower lawyer in Columbia could answer questions about working with the CFTC to expose fraud.
There are risks associated with exposing the financial powerhouses operating in the futures trading industry. People who work for these companies often have information about wrongdoing and are concerned that their careers will be damaged if they come forward.
Retaliation is illegal under federal law, and protections are in place to prevent it. When a company retaliates against an employee for cooperating with the government, it can be held liable for any damages. Whistleblowers can pursue legal action for compensation and to ensure they remain in their position, free from unfair treatment.
In addition to protections from retaliation, whistleblowers are sometimes eligible for a monetary reward. To qualify, a person must provide the government with new information that leads to a conviction. Anyone involved in the scheme or legally required to report this information will not qualify.
The rewards under this system can vary, and they are only possible if the government collects damages or restitution from the offender. However, the reward could be between 10 and 30 percent of everything recovered.
This complex procedure requires understanding the investigative process and the federal judicial system. To secure an award, a CFTC whistleblower lawyer in Columbia must file a lawsuit requesting compensation for their cooperation. These are known as writs of Qui Tam.
If you have information about wrongdoings related to futures trading, you might have the opportunity to recover financial compensation for your cooperation. Let a Columbia CFTC whistleblower lawyer advise you of your options. You do not have to take on this challenge alone. Call as soon as possible to discuss your case with a reliable attorney during a private consultation. At our law office, your information will always be kept confidential.
