Hagens Berman represents whistleblowers under the recent Commodities Futures Trading Commission (CFTC) whistleblower program.
On August 4, 2011, the CFTC officially adopted new rules that provide incentives as well as protection for whistleblowers who report violations of the Commodities Exchange Act (CEA) to the CFTC.
Under the new provision, a whistleblower who provides original information of CEA violations leading to the recovery of government funds exceeding $1 million is entitled to between 10 and 30 percent of the recovery. The CFTC has limited resources, however, and can only pursue claims that are both clearly-reasoned and actionable.
In order to properly present a claim to the CFTC, a whistleblower needs to select a law firm that understands the complexities of the Commodities Exchange Act. Hagens Berman, with years of experience in antitrust, securities, and other financial class-action cases, is well-prepared to present your case on your behalf.
Hagens Berman has successfully litigated cases against such giants as Visa, Mastercard, and Charles Schwab and has dealt with complex financial instruments and investments, such as mortgage-backed securities.
In addition to the firm’s expertise in this area, Hagens Berman has worked alongside government officials and regulators for years, establishing the credibility necessary to bring a case to the CFTC. When Hagens Berman brings a claim, regulators pay attention.
If you have any information about possible violations of the Commodities Exchange Act, we encourage you to contact us at (206) 623-7292.