Filed More Enforcement Actions Than Any Other Year In Agency’s 45-Year History
(HedgeCo.Net) The Commodity Futures Trading Commission today announced a record-breaking year in the agency’s Division of Enforcement. In particular, during Fiscal Year 2020, which closed on September 30, 2020, the Commission:
“We are tough on those who break the rules, and this historic year only further underscores this point,” said CFTC Chairman Heath P. Tarbert. “The case statistics alone are impressive, but the fact that the enforcement program was this successful even during a pandemic is even more remarkable. I applaud the Division of Enforcement staff for their incredible work, professionalism, and commitment to carrying out the Commission’s mission with integrity and purpose.”
“In the midst of a pandemic, when volatility in the market is high, it is even more important that our team work tirelessly to preserve market integrity and pursue those who break our rules,” added Director of Enforcement James McDonald. “I’m incredibly proud of the Division staff for their contributions to this record-breaking year amid the numerous challenges posed by the virus.”
Full details on FY 2020 enforcement actions will be available in the Division’s annual Enforcement Report, which will be issued later this year.