U.S. Commodity Futures Trading Commission--Customer Protection Fund
B-324469: Nov 8, 2013
- Full Report:
The U.S. Commodity Futures Trading Commission (Commission) administers the Customer Protection Fund, which is available for the payment of awards to eligible whistleblowers, and the funding of customer education initiatives. In accordance with statute, the Commission shall deposit certain collected monetary sanctions into the Fund as long as the balance of the Fund at the time the monetary sanction is collected is less than $100 million. 7 U.S.C. 26(g)(3). This applies even where the deposit would cause the balance of the Fund to exceed $100 million. Additionally, the Commission may use the Fund to pay travel expenses incurred by personnel of the Commission's Whistleblower Office for speaking engagements and attending conferences, at which the public will be informed and educated in accordance with section 26(g)(2), about the Whistleblower Office and the whistleblower provisions of the Commodity Exchange Act.