On December 4, 2024, the CFTC's Division of Enforcement ("Division") released its enforcement results for Fiscal Year 2024. The results reflected an all-time high for monetary relief, mainly from its resolution of off-channel...more
12/11/2024
/ Anti-Money Laundering ,
Commodity Exchange Act (CEA) ,
Corporate Counsel ,
CTFC ,
Department of Justice (DOJ) ,
Digital Assets ,
Disgorgement ,
Enforcement ,
Fraud ,
Know Your Customers ,
Penalties ,
Restitution ,
Whistleblowers
On September 6, 2024, the U.S. District Court for the District of Columbia ruled in favor of KalshiEx LLC ("KalshiEx"), lifting a September 2023 order issued by the Commodity Futures Trading Commission ("CFTC") prohibiting...more
In the dynamic world of financial regulation, the Commodity Futures Trading Commission (CFTC) has been actively addressing market manipulation with enforcement actions to ensure market integrity. The CFTC's recent settlement...more
9/10/2024
/ Ambiguous ,
CFTC ,
Civil Monetary Penalty ,
Commodity Exchange Act (CEA) ,
Enforcement Actions ,
Financial Markets ,
Financial Regulatory Reform ,
Innovation ,
Market Manipulation ,
Noncompliance ,
Regulatory Violations ,
Settlement
The Commodity Futures Trading Commission ("CFTC" or "Commission") issued two proposed rules on December 18, 2023, both of which are now open for public comment. The first proposed rule would create an "Operational Resilience...more
On November 7, 2023, the Division of Enforcement ("Division") of the United States Commodity Futures Trading Commission ("CFTC") released its annual report of the results of its enforcement efforts, announcing that it had...more
12/15/2023
/ CFTC ,
Civil Monetary Penalty ,
Commodity Exchange Act (CEA) ,
Cybersecurity ,
Decentralized Finance (DeFi) ,
Digital Assets ,
Enforcement ,
Financial Institutions ,
Fraud ,
HSBC ,
Interest Rates ,
OCC ,
Popular ,
Recordkeeping Requirements ,
Restitution ,
Spoofing ,
Swap Dealers ,
Unfair Trade Practices Act
On December 4, 2023 the CFTC issued proposed guidance regarding the listing of voluntary carbon credit ("VCC") derivative contracts ("Proposed Guidance"). The Proposed Guidance outlines factors that designated contract...more
In May 2023, the Division of Clearing and Risk ("DCR") of the Commodity Futures Trading Commission ("CFTC") issued two Staff Advisory letters addressing areas of regulatory focus related to Derivatives Clearing Organizations...more
While the initial swap dealer enforcement actions brought by the Commodity Futures Trading Commission (CFTC) focused on swap data reporting failures, recent enforcement efforts have focused on compliance with business conduct...more
5/26/2023
/ CFTC ,
Civil Monetary Penalty ,
Commodity Exchange Act (CEA) ,
Compliance ,
Conflicts of Interest ,
Enforcement ,
Final Rules ,
Recordkeeping Requirements ,
Swap Dealers ,
Swaps ,
Transparency
In September 2022, the Commodity Futures Trading Commission (CFTC) filed a complaint in federal district court in San Francisco against Ooki DAO, a decentralized autonomous organization (DAO), alleging violations of the...more
The Commodity Futures Trading Commission ("CFTC") recently released its enforcement results for Fiscal Year 2022 ("FY 2022"). In addition to detailing the recovery of over $2.5 billion in restitution, disgorgement, and civil...more