{"id":75899,"date":"2020-10-07T00:20:44","date_gmt":"2020-10-07T04:20:44","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=75899"},"modified":"2020-10-07T00:16:27","modified_gmt":"2020-10-07T04:16:27","slug":"cftc-posts-record-breaking-enforcement-year","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/10\/2020\/cftc-posts-record-breaking-enforcement-year.html","title":{"rendered":"CFTC Posts Record-Breaking Enforcement Year"},"content":{"rendered":"\n<p><strong>Filed More Enforcement Actions Than Any Other Year In Agency\u2019s 45-Year History<\/strong><\/p>\n\n\n\n<p>(HedgeCo.Net) The Commodity Futures Trading Commission today announced a record-breaking year in the agency\u2019s Division of Enforcement. In particular, during Fiscal Year 2020, which closed on September 30, 2020, the Commission:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Filed more enforcement actions (113) than any other year in the agency\u2019s history;<\/li><li>Approved a case imposing the largest monetary relief in the agency\u2019s history, with a $920 million resolution for violations relating to manipulation and spoofing;<\/li><li>Filed an action in coordination with more state authorities \u2013 30 states in total \u2013 than ever, alleging more than $180 million defrauded from elderly victims;<\/li><li>Aggressively pursued fraud occurring during the COVID-19 pandemic, at a time when victims may be particularly vulnerable, filing 29 associated cases since a national emergency was declared on March 13, 2020; and<\/li><li>Continued its emphasis on coordination and parallel actions with criminal authorities and its regulatory partners.<\/li><\/ul>\n\n\n\n<p>\u201cWe are tough on those who break the rules, and this historic year only further underscores this point,\u201d said CFTC Chairman Heath P. Tarbert. \u201cThe case statistics alone are impressive, but the fact that the enforcement program was this successful even during a pandemic is even more remarkable.&nbsp;I applaud the Division of Enforcement staff for their incredible work, professionalism, and commitment to carrying out the Commission\u2019s mission with integrity and purpose.\u201d<\/p>\n\n\n\n<p>\u201cIn 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,\u201d added Director of Enforcement James McDonald. \u201cI\u2019m incredibly proud of the Division staff for their contributions to this record-breaking year amid the numerous challenges posed by the virus.\u201d<\/p>\n\n\n\n<p>Full details on FY 2020 enforcement actions will be available in the Division\u2019s annual Enforcement Report, which will be issued later this year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Filed More Enforcement Actions Than Any Other Year In Agency\u2019s 45-Year History (HedgeCo.Net) The Commodity Futures Trading Commission today announced a record-breaking year in the agency\u2019s Division of Enforcement. In particular, during Fiscal Year 2020, which closed on September 30, [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,3,16048],"tags":[],"class_list":["post-75899","post","type-post","status-publish","format-standard","hentry","category-hedgeco-networks-press-releases","category-hedgeco-news","category-hedgecovest-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/75899","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=75899"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/75899\/revisions"}],"predecessor-version":[{"id":75900,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/75899\/revisions\/75900"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=75899"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=75899"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=75899"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}