A federal court in Illinois entered a default judgment Tuesday against John D. Briner, a disbarred Canadian attorney who used a U.S. commodity trading account in a so-called "money pass" to move nearly $400,000 to another person.
Entries in Commodities Futures Trading Commission (8)
In the first federal criminal prosecution of its kind, a high-frequency trader was sentenced Wednesday to three years in prison for disrupting commodity futures prices in a $1.4 million fraud scheme.
The acting chairman of the U.S. Commodity Futures Trading Commission (CFTC) said Tuesday the agency will make its first award to a whistleblower under the program created by the Dodd-Frank Act of 2010.
JP Morgan Chase reached a tentative deal with the DOJ this weekend to settle a slew of past transgressions for $13 billion.
Do whistleblowers have any protection against retaliation under your whistleblowing program?
As companies adjust to the new whistleblowing regimes under the Dodd-Frank Act, what changes do you recommend that they make to their existing compliance programs to ensure they are adequately prepared to manage whistleblowers and/or CFTC inquiries in response to whistleblower complaints?
Question: As you are aware, many companies have expressed concerns about the lack of an internal reporting requirement for whistleblowers. What, if anything, do you have to say in response to critics who argue that this undermines their compliance programs?
I recently sat down with Vincente Martinez, Director of the CFTC Whistleblower Office (WBO), who graciously agreed to answer some of my questions about the WBO.