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Chamber of Commerce meets with CFTC chairman

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Yesterday a lobbyist and executives representing the U.S. Chamber of Commerce, which has criticized the whistleblower provisions in the Dodd-Frank financial law, met with Gary Gensler, chairman of the U.S. Commodity Futures Trading Commission (CFTC), to discuss the issue.

Under the new law, the CFTC is given the authority to award whistleblowers 10 to 30 percent of the amount recovered when information they provide leads to an enforcement action yielding sanctions of $1 million or more. They can also file for relief if they face retaliation for their disclosures.

"Put simply, the proposed rule creates a set of ...

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