CFTC Enforcement Program Filings Increase 14 Percent in Fiscal Year 2010

The U.S. Commodity Futures Trading Commission (CFTC) announced today that its enforcement program filed 57 enforcement actions in Fiscal Year (FY) 2010 – 14 percent more than in FY 2009 and 42 percent more than in FY 2008. The Division of Enforcement’s filings involve allegations of manipulation, fraud, abuse and other violations of the Commodity Exchange Act. The Commission was awarded more than $200 million in civil monetary penalties, restitution and disgorgement from respondents and defendants in CFTC enforcement actions. Additionally, the Division of Enforcement opened 419 investigations in FY 2010 – an all-time high, which is 66 percent more than the 251 investigations opened in FY 2009.

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