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CFTC enforcement trends in 2017 and considerations for 2018

Peter Malyshev (Reed Smith LLP, Washington, DC, USA)
Jennifer Achilles (Reed Smith LLP, New York, USA)
Jill Ottenberg (Reed Smith LLP, Washington, DC, USA)
Jessica Stumacher (Reed Smith LLP, New York, NY, USA)

Journal of Investment Compliance

ISSN: 1528-5812

Article publication date: 9 August 2018

Issue publication date: 9 October 2018

61

Abstract

Purpose

This paper aims to discuss the types of cases that were brought by the Commodity Futures Trading Commission (CFTC) in 2017 and what to expect in 2018.

Design/methodology/approach

This paper discusses the overall statistics regarding enforcement actions brought by the CFTC, as well as the amount of restitution, disgorgement and penalties collected in 2017. These statistics are contrasted with the same statistics from 2016. This paper also discusses the types of enforcement actions brought by the CFTC in 2017 and identifies and analyzes trends. The analysis also includes a discussion of what to expect in 2018.

Findings

This paper concludes that 2017 was a year filled with personnel changes and vacancies at the CFTC, which resulted in no major policymaking cases being brought by the CFTC. This paper also finds that the CFTC is focused on actively monitoring the markets, and will continue to pursue actions involving reporting violations, fraud, manipulation, cryptocurrencies, and disruptive trade practices while rewarding parties for self-reporting and cooperation.

Originality/value

This paper contains valuable information from experienced lawyers regarding personnel changes at the CFTC, recent trends in CFTC enforcement activity and what to expect in 2018.

Keywords

Citation

Malyshev, P., Achilles, J., Ottenberg, J. and Stumacher, J. (2018), "CFTC enforcement trends in 2017 and considerations for 2018", Journal of Investment Compliance, Vol. 19 No. 3, pp. 17-21. https://doi.org/10.1108/JOIC-04-2018-0021

Publisher

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Emerald Publishing Limited

Copyright © 2018 Reed Smith LLP. All rights reserved.

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