The CFTC announced two awards totaling over $15 million to two whistleblowers who provided significant information and assistance that led the CFTC to bring separate, successful enforcement actions.
Statement of Christopher Ehrman, former Director of the CFTC’s Whistleblower Office and partner at Phillips & Cohen, an international whistleblower law firm:
“These two awards highlight the continued and vital role that whistleblowers play in the CFTC’s efforts to protect the safety and soundness of our nation’s derivatives markets,” said Christopher Ehrman, partner and whistleblower attorney at Phillips & Cohen.
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Under Mr. Ehrman’s leadership at the CFTC, successful enforcement actions based on information provided by whistleblowers resulted in monetary sanctions totaling more than $3 billion and whistleblower awards amounting to approximately $330 million.
Phillips & Cohen is the most successful law firm representing whistleblowers, with recoveries from cases totaling over $12.8 billion and 22 awards for clients under Dodd-Frank whistleblower reward programs. Mr. Ehrman joins other talented lawyers, including the former first head of the SEC Office of the Whistleblower, a former deputy administrator of the Centers for Medicare and Medicaid Services, the author of a leading treatise on the False Claims Act, and numerous attorneys with decades of experience representing whistleblowers.