SUBMIT A TIP | Whistleblower.gov (2024)

The first step to becoming eligible for a whistleblower award is for an individual or group of individuals to submit a tip, complaint, or referral on a Form TCR that contains information about a potential violation of the CEA. Whistleblowers can be anyone: corporate insiders, market observers, investors, customers, and fraud victims. A whistleblower need not be a company insider. But entities cannot be eligible for awards themselves, and not every whistleblower will be eligible for an award.

Information provided by a whistleblower could lead the Commission to open a new investigation, re-open a closed investigation, pursue a new line of inquiry in an ongoing investigation, or significantly contribute to the success of an enforcement action. This could result in a successful enforcement action or a Related Action, which could be brought by another governmental authority. Only those whistleblowers who submit information before the CFTC contacts them will be eligible for an award. In order for information to be voluntarily submitted, it must be submitted before the CFTC or certain other authorities request, inquire, or demand information from the whistleblower related to the original information being provided.

SUBMIT A TIP | Whistleblower.gov (2024)

FAQs

What is the average settlement for a whistleblower? ›

Average California Whistleblower Settlement Amounts
Complexity of CaseSettlement Amount
MinorApproximately: $75,000 – $250,000
ModerateApproximately: $250,000 – $500,000
ComplexApproximately: $500,000 – $1,000,000+
Feb 14, 2024

Do you get money for whistleblowing? ›

The Commission is authorized to provide monetary awards to eligible individuals who come forward with high-quality original information that leads to an SEC enforcement action in which over $1 million in sanctions is ordered. The range for awards is between 10% and 30% of the money collected.

What percentage does the whistleblower get? ›

The IRS Whistleblower Office pays monetary awards to eligible individuals whose information is used by the IRS. The award percentage depends on several factors, but generally falls between 15 and 30 percent of the proceeds collected and attributable to the whistleblower's information.

How do I claim my whistleblower reward? ›

The Whistleblower Rules require that individuals apply for an award by submitting a Form WB-APP to the Whistleblower Office within 90 days of the date a Notice of Covered Action is posted on the website, and for Related Actions, within 90 days after a judgment or settlement in the Related Action.

Does a whistleblower get a portion of the settlement money? ›

The amount of money a whistleblower could receive varies based on the type of case and the specific whistleblower program. If the whistleblower meets all the program's criteria, they could be entitled to between 10-30% of the amount collected by the action.

What qualifies as a whistleblower lawsuit? ›

Whistleblowing means disclosing information that you reasonably believe is evidence of a violation of any law, rule, or regulation; gross mismanagement; a gross waste of funds; an abuse of authority; or a substantial and specific danger to public health or safety.

Are whistleblowers really protected? ›

Under California Labor Code Section 1102.5, if an employer retaliates against a whistleblower, the employer may be required to reinstate the employee's employment and work benefits, pay lost wages, and take other steps necessary to comply with the law.

How long does it take to complete whistleblower? ›

2½ Hours
Single-PlayerPolledAverage
Main Story2882h 24m
Main + Extras1022h 51m
Completionist424h 31m
All PlayStyles4322h 43m

Are whistleblower settlements taxed? ›

A defendant or other payor that issues a payment to a plaintiff and a lawyer must issue two Forms 1099. The lawyer and client each should receive a Form 1099 reporting that they received 100 percent of the money. When you receive a Form 1099, you must put the full amount on your tax return.

Who qualifies as a whistleblower? ›

Who is a "Whistleblower"? A Whistleblower is any individual who provides the right information to the right people. Stated differently, lawful whistleblowing occurs when an individual provides information that they reasonably believe evidences wrongdoing to an authorized recipient.

How long does it take to get a whistleblowing claim? ›

Whistleblowing detriment claims must generally be presented within three months of the act complained about, but this can be extended in certain circ*mstances. Identifying when the act (or omission occurred) is crucial and should not be confused with the detriment itself.

How do you prove a whistleblowing claim? ›

To prove a case, the whistleblower must demonstrate not only that the representation about the claim is false, but also that the representation is material, which usually means related to the government's decision to pay. Simply put the representation has to really matter.

What is the average retaliation settlement? ›

Short answer: The average retaliation lawsuit settlement in California typically ranges from $20,000 to $40,000. However, it is important to note that retaliation settlement amounts can vary widely depending on the specific circ*mstances of each case, with some settlements being significantly higher or lower.

Is there a cap on whistleblowing compensation? ›

There is no upper limit on the amount of compensation that can be awarded in unfair dismissal or detriment claims.

How long do whistleblower cases take? ›

Additional information on what to expect during an OSHA whistleblower investigation can be found here. Q: How long does OSHA take to investigate a case? A: The whistleblower laws have timeframes for completion of investigations ranging from 30 to 90 days.

What is the settlement for a whistleblower retaliation lawsuit? ›

Settlements in whistleblower cases can range from tens of thousands to millions of dollars. Some publicly reported settlements have included: Small to mid-sized businesses often see settlements ranging from $50,000 to $250,000.

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