CFTC Whistleblower Lawyer Helps Financial Professionals and High End Investors Earn Large Financial Rewards by Anonymously Reporting Market Manipulation Schemes, Commodity Fraud, Investment Fraud, Commodity Exchange Act Violations, and other Illegal Schemes in the Financial Markets including DCMs, SEFs, Currency Markets, and Derivate Markets by Commodity Futures Trading Commission Whistleblower Reward Lawyer
CFTC Whistleblower Reward Lawyer, Jason S. Coomer, works with investors and professionals who want to earn large financial rewards by anonymously exposing market manipulation schemes, Commodity Exchange Act violations, and other illegal conduct. He commonly works with whistleblowers, other lawyers, and legal teams throughout the United States and the World on large market manipulation schemes. In working with these professionals, he files anonymous whistleblower reward cases with both the CFTC and SEC. By working through a CFTC whistleblower reward lawyer, these anonymous whistleblowers protect their identities, report illegal conduct hurting the financial markets, and earn large financial rewards. If you are aware of significant violations of the Commodity Exchange Act or other illegal conduct regulated by the CFTC or SEC, please feel free to contact Aonymous CFTC Whistleblower Reward Lawyer Jason Coomer via e-mail message or use our submission form. He and his co-counsel confidentially review potential CFTC Whistleblower Reward Cases.
Below are some helpful FAQs regarding Texas Partition Actions and Texas Forced Real Estate Sale Lawsuits:Q1: What financial rewards does the Commodity Futures Trade Commission CFTC pay whistleblowers for exposing illegal conduct?A1: The CFTC pays between 10% and 30% of money recovered by the government to whistleblowers who properly report illegal conduct in the financial markets. Further, the CFTC often makes extremely large recoveries as it regulates the commodities markets. More specifically, the CFTC regulates several large financial markets including: 1) currencies, 2) oil and gas, 3) swaps, 4) cryptocurrencies, and 5) precious metals. Based on the CFTC’s regulatory powers, the agency commonly fines large corporations and pays large financial rewards to whistleblowers.
Q2: Can CFTC whistleblowers including financial professionals, high investors, and employees report illegal conduct anonymously and collect financial rewards?A2: Yes, CFTC whistleblower reward laws include whistleblower protections that include the ability to anonymously report illegal conduct through a lawyer. Further, these whistleblower reward laws use anonymous reporting and large financial rewards to encourage professionals and other individuals with specialized knowledge of hard to detect fraud to report these illegal schemes.
Q3: What illegal activity can be the basis of CFTC whistleblower rewards?A3: The CFTC regulates several financial markets around the World and offers financial rewards on any significant illegal activity property reported that results in a fine of over $1 million. More specifically, the CFTC targets 1) market manipulation schemes, 2) investment fraud, 3) corrupt practices, 4) money laundering, 5) commodity spoofing schemes, and 6) insider trading schemes. The agency also regulates and fines Swap Dealers, Trading Firms, Futures Commission Merchants, Commodity Pool Operators, Brokers, and other financial professionals. Please contact a CFTC whistleblower reward lawyers for information regarding a specific illegal scheme.
Q4: What is the advantage of working through a CFTC whistleblower reward lawyer?A4: A CFTC whistleblower reward lawyer allows a whistleblower to report an illegal scheme anonymously to the CFTC which protects the whistleblower's identity. Further, a CFTC whistleblower lawyer also can review a potential case to determine if it is a viable CFTC or SEC case that may pay a large financial reward. The lawyer can also help organize evidence and prepare the Disclosure Statement that often makes the case easier to understand by the CFTC and improve the likelihood of an enforcement action by the CFTC or SEC.
What is a Futures Contract or an Option Contract and how does the Commodity Futures Trading Commission Regulate The Sale of Commodities?
A futures contract is an agreement to buy or sell in the future a specific quantity of a commodity at a specific price. Most futures contracts contemplate actual delivery of the commodity can take place to fulfill the contract. However, some futures contracts require cash settlement in lieu of delivery, and most contracts are liquidated before the delivery date. An option on a commodity futures contract gives the buyer of the option the right to convert the option into a futures contract. Futures and options must be executed on the floor of a commodity exchange—with very limited exceptions—and through persons and firms who are registered with the CFTC.
Congress created the Commodity Futures Trading Commission (CFTC) in 1974 as an independent agency with the mandate to regulate commodity futures and option markets in the United States. The agency's mandate has been renewed and expanded several times since then, most recently by the Commodity Futures Modernization Act of 2000. The CFTC's mission is to protect market users and the public from fraud, manipulation, and abusive practices related to the sale of commodity and financial futures and options, and to foster open, competitive, and financially sound futures and option markets.
The CFTC is the Federal agency that regulates the trading of commodity futures and options contracts in the United States and takes action against firms suspected of illegally or fraudulently selling commodity futures and options. More specifically, the CFTC regulates the exchanges where futures or option contracts are traded. These exchanges or designated contract markets (DCMs) trade a large variety of commodities. Some of these commodities include 1) currencies, 2) oil and gas products, 3) swaps, 4) cryptocurrencies, 5) agricultural products, 6) some chemicals, 7) minerals, 8) cannabis, and 9) precious metals. Further, the CFTC regulates the New York Mercantile Exchange (NYMEX), Chicago Mercantile Exchange (CME), Chicago Board of Trade (CBOT), Intercontinental Exchange (ICE) and several other commodity exchanges.
The CFTC Also Regulates The Swap Markets Including The Global Derivatives Markets
Section 733 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank Act”) provides that no person may operate a facility for the trading or processing of swaps unless the facility is registered as a swap execution facility (“SEF”) or as a designated contract market (“DCM”). The CFTC regulates both SEFs and DCMs as well as works with other financial agencies around the world to regulate global financial markets. These markets handle vast amounts of swap transactions. Illegal conduct in these markets can be the basis for CFTC whistleblower reward actions.
CFTC Whistleblower Reward Lawyers Review a Wide Variety of Illegal Schemes in the Financial Markets
In addition to regulating the Designated Contrat Markets and Swap Execution Facilities, the CFTC regulates Swap Dealers, Trading Firms, Futures Commission Merchants FCMs, Commodity Pool Operators, Introducing Brokers, and several other financial professionals that trade in the financial markets. As such, the CFTC seeks information regarding illegal and fraudulent activities committed by any of these financial professionals.
Commodity pool operators often solicit investments from friends, neighbors, co-workers, and fellow religious or social group members by using their reputations in the community or their personal relationships. In many cases, however, these investment schemes turn out to be fraudulent, and you can lose your entire investment, in many cases as a result of outright theft.
The CFTC Often Fines Individuals and Firms Who Are Unregistered and Fraudulently Trade in Commodity Contracts
Individuals and firms that fraudulently solicit funds from investors for commodity futures and options trading are usually not registered with the CFTC. They may operate “Ponzi” schemes in which little or none of the money sent in by investors is ever invested as promised in the commodity markets. Instead, the operator of the scam steals the funds, and creates the illusion of a successful business by using some of the money put in by later investors to pay phony profits to earlier investors. This tactic makes it appear to investors that the investment is actually making money, which in turn attracts additional investors. Be wary of such payouts if you do not fully understand their source.
Commodity Futures Trading Commission Whistleblowers Must Bring Cases Voluntarily to Qualify for a Reward
CFTC Whistleblower Reward claims like SEC Whistleblower Reward claims must be brought voluntarily under the Whistleblower Reward Programs to qualify for a financial. The whistleblower or whistleblowers must also be a natural person or natural persons, companies or other entity is not eligible to be CFTC financial fraud whistleblowers. Successful CFTC and SEC violation whistleblowers can collect financial rewards for whistleblower bounty actions that result in the imposition of monetary sanctions of greater than $1 million dollars.
Through CFTC Whistleblower Reward Cases, the CFTC awards between ten percent and thirty percent of the money collected by the CFTC to qualified whistleblowers who voluntarily provide original information about a violation of the Commodity Exchange Act or other laws that leads to a successful enforcement of an action brought by the CFTC and SEC that results in monetary sanctions exceeding $1,000,000.00.
CFTC Whistleblower Reward Lawyer Represents Investors Who Have Original Information of Significant Fraud
Monitoring the commodity futures market requires a highly coordinated effort including the efforts of investors. It is important that investors that are aware of illegal activities in the commodity futures market step forward and blow the whistle on illegal actions. Some of these actions include the following:
- Fraud: cheating or attempting to cheat you through false claims concerning the likelihood of profit or loss; false or misleading statements about trading or about your salesperson, advisor, or the trading program you use; or false or misleading statements about any other material fact that you relied on in making a decision about futures or option trading.
- Breach of fiduciary duty: a failure by a broker or salesperson to act with special care in handling your account when required to do so by the Commodity Exchange Act or CFTC rules.
- Unauthorized trading: trades made by a broker without your prior specific authorization or a written grant of authority to effect trades without your specific authorization.
- Misappropriation: a broker's unauthorized use or diversion of money that you deposited for the purpose of trading futures or options.
- Churning: excessive trading of your account for the purpose of producing commissions and with disregard of your financial interests.
- Wrongful liquidation: the unauthorized closing of your position.
- Failure to supervise: Failure by a supervisor to diligently oversee the handling of a customer account by the supervisor's partners, officers, employees, and agents.
- Nondisclosure: failure to inform you of the risks associated with futures and option trading, and the failure to disclose any other material fact you required to make a decision about futures or option trading.
If you are aware of these actions being committed it is important that you blow the whistle on these actions. There are several ways to blow the whistle on these actions including anonymous reporting procedures through an attorney.
SEC Securities Fraud Whistleblower Lawsuits, Dodd-Frank Act Financial Fraud Whistleblower Bounty Actions, CFTC Commodity Fraud Whistleblower Lawsuits, SEC Whistleblower Incentive Program Claims, Financial Fraud Derivatives Bounty Actions, and Financial Fraud False Claims Act Whistleblower Lawsuits
Financial Fraud Whistleblower Lawsuits, Securities Fraud Whistleblower Lawsuits, Commodity Fraud Whistleblower Lawsuits, Stimulus Fraud Whistleblower Lawsuits, and SEC Violation Whistleblower Lawsuits will become more common with the enactment of laws like the Dodd-Frank Wall Street Reform and Consumer Protection Act that create bounties that can be collected by whistleblowers that properly report SEC violations, financial fraud, securities fraud, commodities fraud, and stimulus fraud that result in monetary sanctions over one million dollars ($1,000,000.00). The SEC can award the whistleblower up to 30% of the money collected.
By creating whistleblower bounties for investors and people with specific information of financial fraud, it is expected that hard to detect financial fraud including derivative market fraud and investment fraud will be exposed to help regulate the financial market and prevent large investment corporations, banks, hedge funds, and other large corporations from committing financial fraud of billions of dollars.
For more information on SEC Fraud Whistleblower Bounty Actions and Securities Fraud Whistleblower Bounty Actions, please go to the following Securities Fraud Whistleblower Lawyer SEC Bounty Actions.
Anonymous CFTC Whistleblower Reward Lawyer Works With Financial Professionals and Other CFTC Whistleblowers as well as Other CFTC Whistleblower Lawyers to Expose Illegal Schemes in the Financial Markets
As a Commodity Futures Trading Commission Whistleblower Reward Lawyer, Jason S. Coomer commonly works with other powerful financial fraud, commodity fraud, and securities fraud whistleblower lawyers to handle large Whistleblower Reward Lawsuits. He also works on Medicare Fraud Whistleblower Lawsuits , Defense Contractor Fraud Whistleblower Lawsuits, Stimulus Fraud Whistleblower Lawsuits, Government Contractor Fraud Whistleblower Lawsuits, and other government fraud whistleblower lawsuits.
If you are the original source with special knowledge of fraud and are interested in learning more about a whistleblower lawsuit, please feel free to contact Commodity Fraud Whistleblower Reward Lawyer and Securities Fraud Whistleblower Lawyer Jason Coomer via e-mail message.
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