Alert December 14, 2010

CFTC Proposes Implementing Rules for Dodd-Frank Whistleblower Provisions

The CFTC issued a release proposing rules that would implement the whistleblower incentives and protections of Section 748 of the Dodd-Frank Act relating to certain judicial and administrative proceedings brought by the CFTC.  Comments on the proposed rules are due by February 4, 2011.  The CFTC must adopt final implementing rules by April 17, 2011.  Section 748 is not effective until the later of July 16, 2011 or 60 days after the publication of final implementing rules.