May 20, 2014
Erika Kelton in Securities Law Daily , 5/20/14.
According to whistle-blower lawyer Erika Kelton, Phillips & Cohen LLP, Washington, the award shows that the program is off to a “promising” start more than two-and-a-half years after its inception…
“The agencies have no understanding of the fraud when the submissions are made,” Kelton observed. “They need to organize their enforcement team, investigate, then they need to negotiate or in some way take enforcement action. That takes a lot of time.”
“CFTC Set to Make First Award To Whistle-Blower Under 2011 Program.”