CFTC Touts Enforcement Results in Fiscal Year 2023

The CFTC reported enforcement results for Fiscal Year 2023. The agency highlighted a "record-setting" number of digital asset cases, actions to hold registrants to their regulatory obligations, actions concerning manipulation and spoofing and precedent-setting court decisions in complex litigations.

The CFTC Division of Enforcement (DOE) reported the filing of 96 enforcement actions, resulting in over $4.3 billion in penalties, restitution and disgorgement. The CFTC said that the actions reflect the agency's priorities to stop and deter fraud and manipulation, hold registrants and market participants accountable for their conduct in CFTC-regulated markets and protect customer funds. The CFTC also emphasized its collaborative relationships with self-regulatory organizations, and state, federal and international authorities, and the importance of the Whistleblower Program to its enforcement program.