Securities and Exchange Commission (SEC)/Commodity Futures Trading Commission (CFTC) Whistleblower Rewards Programs

If you report SEC fraud, you may be entitled to a significant whistleblower reward, as outlined in this website.
The SEC and CFTC reward programs, created under the Dodd-Frank Wall Street Reform and Protection Act, pay rewards for reporting insider trading and any securities law violation, such as money laundering or violations of the Foreign Corrupt Practices Act. Details of these programs offering whistleblower rewards include:

  • Whistleblower rewards: Rewards equal 10% to 30% of the funds the SEC or CFTC collects based on your information, provided more than $1 million is collected.
  • Requirements: You must provide specific and detailed allegations that result in the SEC or CFTC recovering more than $1 million based on your information.
  • Job protection: Employers may not fire, demote, suspend, threaten, harass, or discriminate against a whistleblower. Whistleblowers can sue for reinstatement, back pay and damages.
  • Confidentiality: If they have retained a lawyer to represent them, whistleblowers can anonymously report SEC fraud.

Examples of SEC/CFTC Fraud Cases

  • Insider trading: Illegal insider trading consists of an insider (an officer, key employee, or director) trading stocks based on information not available to the public.
  • Mutual fund fraud: Examples include late trading and market timing – deceptive acts that put customers at a disadvantage.
  • Ponzi schemes: An investment fund where withdrawals are funded solely by new investors. The most infamous example of a Ponzi scheme is the Madoff investment scandal, with fraud estimated at $65 billion.

If you know of SEC fraud or CFTC fraud and are interested in a reward, fill out our fraud questionnaire.