Commodities Futures Trading Commission (CFTC)
The Commodity Futures Trading Commission (CFTC) regulates the derivatives market, overseeing futures contracts, options, and swaps, established in 1974 by the Commodity Exchange Act.
The agency that oversees trades in commodities, such as oil, gold, foreign currency and foods regulated under the Commodity Exchange Act.
Through regulation and enforcement action, the agency seeks to protect market participants from fraud, manipulation, and abusive practices, foster open and competitive markets, and reduce systemic risk.
The CFTC administers an award program established in 2010 with the passage of the Dodd-Frank Act. If a whistleblowers’ disclosure leads to a successful enforcement action, then they are entitled to a monetary award of 10-30% of the monetary sanctions collected.
Ever since it distributed its initial award in 2014, the CFTC has given out around $330 million to informants. The enforcement proceedings linked to these awards have culminated in financial compensation surpassing $3 billion.