The Commodities and Futures Trading Commission issued a $90,000,000 penalty this week to BNP Paribas arising out of the ISDAFIX scandal, a global investigation launched by a GS2Law whistleblower.
The CFTC Order shows that over a 5–year period, between 2007 through 2012, BNP Paribas attempted to manipulate the ISDAFIX benchmark to benefit its own positions. The Order further identifies...Read More
A single anonymous whistleblower will receive more than $45 million from the Commodities and Futures Trading Commission – its biggest-ever payout – for sparking the investigation into industrywide manipulation of the ISDAFIX interest-rate benchmark an important price setting mechanism used by the $544 trillion private derivatives market.
Robert Garson and Chris Fladgate of GS2Law, attorneys...Read More
In the wake of the Panama Papers Robert Garson‘s opinion piece in the Observer contrasts mass leaks with the CFTC Whistleblower Program. Once again, while this is not the opinion of the firm, feel free to agree.
GS2Law is home to one of the most successful whistleblower practices in the USA, having obtained the largest whistleblower award from the CFTC in the history of its program....Read More
New York, NY, April 4, 2016 – The Commodities Futures Trading Commission (“CFTC”) announced today that it has approved a record whistleblower award for a whistleblower represented by Garson, Ségal, Steinmetz, Fladgate LLP (“GS2Law”).
The whistleblower will receive over $10 million for providing information and assistance that initiated an investigation by the CFTC and resulted in a...Read More
On July 21, 2010, President Barack Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act into law. The Act, which marks the biggest expansion of government power over banking and markets since the Great Depression, sets its aims at remedying the perceived regulatory holes that permitted the financial crisis of the early twenty-first century to have such far reaching and...Read More