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The CFTC released its enforcement results for the fiscal year ending Sept. 30, 2017, which revealed the agency brought 49 enforcement actions, down 28% from the 68 it brought the previous year.
The CFTC released its enforcement results for the fiscal year
ending Sept. 30, 2017, which revealed the agency brought 49
enforcement actions, down 28% from the 68 it brought the previous
year. The CFTC's total fines - including restitution,
disgorgement and penalties - totaled nearly $413 million, down from
$1.29 billion in 2016, when the agency reached several high-profile
settlements with large financial institutions. In the report, the
CFTC also highlighted the implementation of measures designed to
"increase the effectiveness and strength" of its
enforcement program, including additional rules and procedures that
were put in place to better protect whistleblowers and to further
incentivize whistleblowers to come forward. Finally, the CFTC
outlined the realignment of its market surveillance unit under the
Division of Enforcement and the division's newly issued
cooperation advisories, which it said will strengthen enforcement
activities going forward and protect both investors and derivatives
markets alike.
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