BROWSE BY TOPIC
Stories of Interest
- SEC Adopts Statement and Interpretive Guidance on Public Company Cybersecurity Disclosures
- SEC Charges Former Bitcoin Exchange and Its Founder With Fraud
- JPMorgan Chase to Replace NYC Headquarters with 70-Story Skyscraper
- Citigroup Raises CEO Corbat's Pay 48% to $23Mn
- Should Congress Create a Crypto-Cop?
- JPMorgan Weighs Buying an Exchange-Traded Funds Firm
- Hey, Goldman Sachs: Wanna Buy BNY Mellon?
- SEC Order Rejecting Acquisition of Chicago Stock Exchange (CSX) by Chinese-Baesd Company
- Kyle Moffatt Named Chief Accountant in SEC CorpFinance
- SEC Suspends Trading in 3 Issuers Claiming Involvement in Cryptocurrency and Blockchain Technology
- Karen Garnett, Assoc. Director of SEC CorpFinance, to Leave After 23 Years of Service
- Louisiana Adviser Barred for Hiding Losses from Investors
- Connecticut HF Manager Illegally Diverted Investor Money - Now Owes Nearly $13Mn
- White House Cleaning House of Advisors Without Full Security Clearance
- Goldman Projects 30% Growth in Wealth Management Advisor Force
- Whistleblower Alleges Manipulation of CBOE Volatility Index
- FINRA Looking Into VIX (CBOE Volatility Index) Manipulation: WSJ
- Atlanta-Area Resident Charged with Misusing Investor Funds - SEC
- FINRA Announces 2018 West Region Networking Seminar
- Alberto Arevalo, Associate Director in Office of International Affairs, to Retire From SEC
We seek to provide information, insights and direction that may enable the Financial Community to effectively and efficiently operate in a regulatory risk-free environment by curating content from all over the web.
Stay Informed with the latest fanancialish news.
NEWSLETTERS & ALERTS
CFTC Enforcement Actions Were Down for 2017
The CFTC released its enforcement results for FY 2017 (fiscal year ended 9/30/17), during which time the CFTC brought 49 enforcement-related actions and obtained orders totaling $413 million in restitution, disgorgement and penalties.
By comparison, in FY 2016 the CFTC filed 68 enforcement-related actions and obtained orders totaling approximately $1.29 billion in restitution, disgorgement, and penalties. The numbers equate to significant declines in 2017 - a 28% drop in enforcement actions and a 68% drop in financial sanctions.
Depending how you view those statistics, one can either say the agency's regulatory might in 2017 was significantly defanged, or its regulatory efforts in 2017 were somewhat nullified by effective compliance efforts by market participants. Hmmmm!!!
YOU WANT STATISTICS? In 2017, the CFTC obtained $334 million in civil monetary penalties and $79 million in restitution and disgorgement orders. Of the civil monetary penalties imposed, the CFTC collected and deposited at the U.S. Treasury more than $265 million (or 79% of the orders' value). Two-thirds of the 49 enforcement actions involved: Retail Fraud (20 cases); or, Manipulation, Attempted Manipulation, False Reporting, Disruptive Trading (12 cases).