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Jul 27, 2020 by |

California and San Francisco Whistleblower Attorneys: Blowing The Whistle On Fraudulent Futures Trading

ATTORNEY NEWSLETTER

Commodity Futures Trading Commission Wants Whistleblower Help

Blowing The Whistle On Fraud

Employees And Other Insiders With Credible Information Of Fraud

The U.S. Commodity Futures Trading Commission (CFTC) rewards individuals who provide original information to the CFTC about fraudulent trading schemes in futures, options, foreign currency, virtual currency and commodities like gold or other precious metal trading. Employees and other insiders may witness fraudulent schemes in action and have credible information of such wrongful acts. If you have credible information of any sort of futures, options, currency or commodity trading fraud (including investment pools, gold, or virtual currencies) call the CFTC whistleblower attorneys at Evans Law Firm, Inc. today at (415)441-8669.

Last week, the CFTC announced a $10 million settlement of two enforcement matters* involving a large bank stemming from alleged violations of various swap data reporting and other regulatory violations, and allegations that traders at a subsidiary of the bank engaged in illegal futures trading practices. According to the CFTC, the traders manually placed bids or offers for Treasury and Eurodollar futures on the Chicago Mercantile Exchange (CME) with the intent to cancel those bids or offers before execution. This illegal practice is known as “spoofing” and causes artificial swings in prices that the spoofing traders allegedly profit by to the detriment of other investors.

How Evans Law Firm Can Help You

Individuals who provided credible information to the CFTC of the bank’s trading fraud and reporting violations will be rewarded. A fraudulent trading scheme may violate more than one set of laws and fall within the jurisdiction of more than one supervising government agency. Our whistleblower litigators will incorporate all applicable violations relevant to your information and follow the applicable rules for any government agency involved. All government agencies will keep whistleblower identity confidential as long as possible under the law and whistleblower laws protect whistleblowers from retaliation by their employers. Our lawyers represent whistleblowers in their underlying whistleblower actions and also in any lawsuit for wrongful termination or other retaliation by their employer.

Contact Us

If you have information regarding any commodities or futures trading fraud contact Ingrid M. Evans and the other IRS whistleblower and tax fraud attorneys at the Evans Law Firm at (415) 441-8669, or by email at <a href=”mailto:info@evanslaw.com”>info@evanslaw.com</a>. Our whistleblower attorneys also handle cases involving offshore tax avoidance schemes or other tax fraud before the Internal Revenue Service, bank fraud under the Financial Reform, Recovery, and Enforcement Act (FIRREA/FIAFEA), securities fraud before the Securities and Exchange Commission Whistleblower Program, False Claims Act cases, the FINRA Whistleblower Office, and the California False Claims Act. We can help guide your case through a jury trial or toward an equitable settlement. We also handle cases involving physical and financial elder abuse, whole life insurance and universal life insurance, and indexed, variable, and fixed annuities.

*Evans Law Firm, Inc. was not involved in either of these matters in any way.

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