MFDF - Mutual Fund Directors Forum - Amendments Broaden Eligibility Standards, Revamp Review Process for CFTC Whistleblower Claims test

Member Login

Request an account

Sample Banner 2

Amendments Broaden Eligibility Standards, Revamp Review Process for CFTC Whistleblower Claims

The CFTC recently amended its regulations and forms to enhance the process for reviewing whistleblower claims. Among the amendments are provisions that: prohibit companies from using confidentiality and similar agreements to deter potential whistleblowers or from retaliating against whistleblowers; allow more time for potential whistleblowers to notify the agency of a tip; and allow a person to notify Congress, another law enforcement agency or foreign regulator before sharing the information with the CFTC. The CFTC is also making its whistleblower claims review process similar to the SEC’s review process and is placing oversight responsibility for the program with the chief of its Enforcement Division, according to a report. Former SEC Chairwoman Mary Jo White, during a webinar reported on by Law360, said that the SEC’s whistleblower program is likely to continue under the SEC’s new leadership and that she doesn’t expect significant changes to the program despite proposals in the Financial CHOICE Act to limit the types of persons eligible for awards.

  • All
  • Accounting and Audit
  • Advisory Contracts
  • Board Governance
  • Board Governance: Board Leadership
  • Board Governance: Compensation
  • Board Governance: Oversight of CCO
  • Board Governance: D&O Insurance
  • Board Governance: Self-Evaluation
  • Closed-end Funds
  • ETFs
  • Other Oversight
  • Other Oversight: Alternative Investments and Derivatives
  • Other Oversight: Custody
  • Other Oversight: Fixed Income funds
  • Other Oversight: Distribution
  • Other Oversight: Portfolio Trading
  • Other Oversight: Proxy Voting
  • Other Oversight: Securities Lending
  • Legislative News
  • Money Market Funds
  • Reference
  • Regulatory News
  • Risk
  • Shareholder Disclosure
  • Valuation
  • Webinars
  • Aaron New Tag