CFTC Awards Nearly $2.5 Million To Cargill Whistleblower

www.oann.com | 9/22/2016 | Staff
TitanSwimr (Posted by) Level 3
CHICAGO (Reuters) – The U.S. Commodity Futures Trading Commission has awarded about $2.5 million to a whistleblower in a 2017 case against global grain trader Cargill Inc over alleged violations in how it handled trades, the agency said on Tuesday.

The award, while significant in size, was reduced “because of the whistleblower’s delay in reporting” the misconduct, the agency said in a statement.

Agency - Cargill - Information - Swaps - Revenue

The agency fined Cargill $10 in 2017 for providing inaccurate information on swaps to protect its revenue, and for failing to supervise the company’s swap dealers.

In a statement to Reuters, Cargill said it and CFTC resolved the matter in November 2017, and Cargill neither admitted nor denied the findings.

CFTC

The CFTC...
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