CFTC Seeks Public Comment on Notice of Proposed Rulemaking Concerning Whistleblower Rules

WASHINGTON - The Commodity Futures Trading Commission today published a Notice of Proposed Rulemaking to amend its whistleblower rules.

The proposal incorporates a 30 percent presumption for whistleblower awards of $5 million or less, subject to Commission discretion and its analysis of relevant regulatory factors. The proposed rule is modeled on the Securities and Exchange Commission's rule 21F-6(c), further enhancing the ongoing efforts at harmonization between the two Commissions. The Commission expects this new provision to improve the efficiency, transparency, and predictability of whistleblower award claims' processing.

"It is critical that our Whistleblower Office promptly and transparently process whistleblower claims," said Chairman Michael S. Selig. "This is an important additional step towards harmonization with the SEC while advancing the interests of whistleblowers."

The comment period will be open for 30 days after publication of the Notice of Proposed Rulemaking in the Federal Register. Comments may be submitted electronically through Regulations.gov. Comments received will be posted on Regulations.gov.