Contact Nashville Whistleblower Attorney Timothy L. Milles Today if You Are Thinking of Blowing the Whistle
introduction to the CFCT whisteblower progam If you are considering blowing the whistle, call Nashville whistleblower attorney Timothy L. Miles today
The Commodity Futures Trading Commission (CFTC) is an autonomous entity within the U.S. government tasked with overseeing the nation's derivatives markets, which encompass futures, options, and swaps. The CFTC's primary objective is to foster the integrity, robustness, and dynamism of the U.S. derivatives markets through effective regulatory measures.
The CFTC offers financial rewards to qualifying whistleblowers who willingly supply the CFTC with unique insights regarding breaches of the Commodity Exchange Act (CEA). These contributions must prompt the CFTC to initiate a successful enforcement proceeding, culminating in monetary penalties surpassing $1,000,000. The total amount of an award for an eligible enforcement action is between 10% and 30% of the amount of monetary sanctions collected in the CFTC's enforcement action or a Related Action. Read on as we demystify the process for seeking a whistleblower award under the CFTC Whistleblower program. If you have knowledge of fraud against or by the federal government, contact Nashville whistleblower attorney Timothy L. Miles who can guide you through the whistleblower process and explain your whistleblower protections. The consultation is free and confidential. (855) 846–6529 or [email protected]. Call today and see what a Nashville whistleblower attorney can do for you. SUBMIT A TIP
Submit a Form TRC (Tip, Complaint, or Referral) and submit it either only or by mail or fax. You only need to use one method to submit the Form. You can submit attachments/supporting files with your Form TCR. Examples include screenshots of trading activity or solicitation emails. Additionally, you can later supplement your Form TCR by email if you obtain additional information. Be sure to reference your original Form TCR confirmation number. You can submit the form online here submit it by fax to (202) 418-5975 or by mail to the Commodity Futures Trading Commission, Whistleblower Office, 1155 21st Street, NW, Washington, DC 20581.
Notices of Covered Actions
After filing a tip, complaint, or referral via Form TCR, you should await the issuance of a Notice of Covered Action from the Whistleblower Office. This notice is posted when the Commission secures a judicial or administrative order that—either alone or in conjunction with orders from related Commission enforcement actions—results in monetary penalties exceeding $1,000,000. Such an order qualifies as a covered judicial or administrative action, making it eligible for whistleblower awards. Subsequently, the Whistleblower Office will announce the Notice of Covered Action, at which point whistleblowers can start submitting their applications for awards.
Related Actions If you are thinking of blowing the whistle, call Nashville whistleblower attorney Timothy L. Miles
Individuals who report wrongdoing might qualify for rewards through Related Actions initiated by other designated organizations, contingent upon the success of a Commodity Futures Trading Commission (CFTC) action. Should an investigation by another governmental body culminate in a successful enforcement proceeding, the whistleblower could be entitled to a reward linked to that ruling.
A Related Action refers to a triumphant judicial or administrative measure undertaken by particular specified bodies, which is grounded in the same original information voluntarily disclosed by the whistleblower to the CFTC, which in turn led to the successful enforcement of a CFTC action. These entities can include the U.S. Department of Justice (covering both civil and criminal matters); various federal departments or agencies such as the Federal Energy Regulatory Commission; state-level criminal or relevant civil agencies; registered entities, registered futures associations, or self-regulatory organizations such as the National Futures Association; and international futures authorities. For additional details, refer to Rule 165.11(a). The CFTC will not grant a reward to a whistleblower for a Related Action if the whistleblower has already received an award from the U.S. Securities and Exchange Commission (SEC). How to Apply for an Award
Whistleblowers who voluntarily submit original information by filing a Form TCR (Tip, Complaint, or Referral) to the CFTC Whistleblower Office may be eligible to receive between 10% and 30% of the amount of monetary sanctions collected in a CFTC enforcement action or a Related Action. In order to be eligible to receive an award, a whistleblower must have voluntarily provided original information that led to the successful enforcement of the CFTC action or the Related Action.
When the Commodity Futures Trading Commission (CFTC) secures a final judgment or settlement with financial penalties exceeding $1,000,000, the Whistleblower Office will publish a "Notice of Covered Action" on their Notices page. This serves as an indication that the CFTC action may qualify for potential whistleblower rewards. The CFTC does not directly inform individuals about these postings, so it is advisable for individuals to check the webpage regularly. Additionally, you can subscribe to receive email notifications about new Notices of Covered Actions. Whistleblowers also have the option to apply for an award related to a Related Action. Since the CFTC does not post notices for Related Actions, whistleblowers should periodically review the websites of other regulatory bodies to identify if there are any Related Actions that utilized information provided by whistleblowers. You have the option to apply for an award without revealing your identity. Nonetheless, you are required to have legal representation to proceed. Before any award can be disbursed, the Commission must verify your identity in a satisfactory manner. For detailed information on the types of orders that qualify for award applications, refer to the section titled Orders Eligible for an Award. The Whistleblower Rules mandate that individuals seeking an award must file a Form WB-APP with the Whistleblower Office within 90 days from when a Notice of Covered Action is posted online. For Related Actions, the application must be submitted within 90 days following a judgment or settlement in the Related Action. When deciding the award amount, the CFTC evaluates various factors, including the specific facts and circumstances of each case. If an award is approved, the total amount distributed to all whistleblowers connected to an order will range between 10% and 30% of the monetary sanctions recovered in the CFTC action or Related Actions. increase in award percentage by CFTC
The CFTC might raise the reward percentage depending on:
decrease in award percentage of CFTC
The percentage of the award granted by the CFTC might be lowered depending on several factors:
Preliminary Determinations Call Nashville whistleblower attorney Timothy L. Miles today for a free and confidential case evaluation
Upon the submission of a Form WB-APP by a whistleblower seeking an award, the Claims Review Staff, in collaboration with the Whistleblower Office, will assess the application for adherence to Whistleblower Rules.
The Claims Review Staff will scrutinize each award application related to the same Covered Action or Related Action. Should the Claims Review Staff conclude that multiple whistleblowers merit an award, they will propose the award amount for each qualified whistleblower, ensuring that the total awards range between 10% and 30% of the monetary sanctions collected from the Covered or Related Action. The Whistleblower Office will notify each applicant by sending a letter that includes a copy of the "Preliminary Determination." This document will inform the claimant of the Claims Review Staff’s recommendation on whether to approve or deny the award applications connected to the Notice of Covered Action. If an application is approved, the Preliminary Determination will also specify the percentage of the award. An individual has a 30-day window from the issuance of the Preliminary Determination to request access to the documents reviewed by the Claims Review Staff in formulating their award recommendation. Upon such a request, the Whistleblower Office will provide a redacted version of these documents to the individual. Prior to releasing the documents, the Whistleblower Office will mandate that the individual sign a confidentiality agreement, ensuring that they do not share the contents with anyone else. Furthermore, a claimant has a period of 60 days from the issuance of the Preliminary Determination to file a request for its reconsideration. This written request must generally be confined to 10 pages. In instances where the claimant has asked for access to the record, the 60-day timeframe starts from the date the record is provided to the claimant. All requests for record review or reconsideration must be submitted in writing to the Whistleblower Office, and can be sent via email, mail, or fax. final orders/Award Determinations
Once the Preliminary Determination is released and any reconsideration requests are reviewed, the CFTC will issue each claimant a "Final Order of the Commission." This document will indicate whether the award application was approved or rejected and specify the percentage of the award if it was approved.
Additionally, the CFTC will upload redacted public versions of these Final Orders with their award determinations on their website. IF YOU ARE THINKING OF BLOWING THE WHISTLE, CONTACT NASHVILLE WHISTLEBLOWER ATTORNEY TIMOTHY L. MILES TODAY
If you have knowledge of fraud against or by the federal government, contact Nashville whistleblower attorney Timothy L. Miles who can guide you through the whistleblower process and explain your whistleblower protections. The consultation is free and confidential. Just complete the contact form to get started or call (855) 846–6529 or email [email protected].. Ask a Nashville Whistleblower attorney, you could be entitled to a significant whistleblower award.
Call today and see what a Nashville whistleblower attorney can do for you.
NASHVILLE WHISTLEBLOWER ATTORNEY
TIMOTHY L. MILES, ESQ. The Law Offices of Timothy L. Miles Tapestry at Brentwood Town Center 300 Centerview Dr., #247 Brentwood, TN 37027 Phone: (855) 846–6529 Email: [email protected] NASHVILLE WHISTLEBLOWER ATTORNEY TIMOTHY L. MILES
Nashville attorney Timothy L. Miles is a nationally recognized shareholder rights attorney raised in Nashville, Tennessee. Mr. Miles has dedicated his career to representing shareholders, employees, and consumers in complex class-action litigation. Whether serving as lead, co-lead, or liaison counsel, Mr. Miles has helped recover hundreds of millions of dollars for defrauded investors, shaped precedent-setting decisions, and delivered real corporate governance reforms. Judges and peers have repeatedly recognized Mr. Miles’ relentless advocacy for the underdog, as well as his unbendable ethical standards. Mr. Miles was recently selected by Martindale-Hubbell® and ALM as a 2022 Top Ranked Lawyer, 2022 Top Rated Litigator. and a 2022 Elite Lawyer of the South. Mr. Miles also maintains the AV Preeminent Rating by Martindale-Hubbell®, their highest rating for both legal ability and ethics. Mr. Miles is a member of the prestigious Top 100 Civil Plaintiff Trial Lawyers: The National Trial Lawyers Association,Class Action: Class Action: Top National Trial Lawyers, National Trial Lawyers Association (2023), a superb rated attorney by Avvo, a recipient of the Lifetime Achievement Award by Premier Lawyers of America (2019) and recognized as a Distinguished Lawyer, Recognizing Excellence in Securities Law, by Lawyers of Distinction (2019); a Top Rated Litigator by Martindale-Hubbell® and ALM (2019-2022); America’s Most Honored Lawyers 2020 – Top 1% by America’s Most Honored (2020-2022). Mr. Miles has published over sixty articles on various issues of the law, including class actions, whistleblower cases, products liability, civil procedure, derivative actions, corporate takeover litigation, corporate formation, mass torts, dangerous drugs, and more. Please visit our website or call for free anytime. Comments are closed.
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