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The U.S. Commodity Futures Trading Commission (CFTC) announced today that its enforcement program filed 25% more cases in Fiscal Year (FY) 2009, which ended on September 30, 2009, than in the prior fiscal year. During FY 2009, the CFTC’s Division of Enforcement filed 50 enforcement actions involving manipulation, fraud and other unlawful conduct and was awarded more than $280 million in civil monetary penalties, restitution and disgorgement from respondents and defendants in CFTC enforcement actions. Over the past five years, the CFTC has filed a total of 238 enforcement actions and has been

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 a speech today, CFTC Chairman Gary Gensler addressed issues in the international swaps market and the cross-border application of Dodd-Frank's swaps reforms. Chairman Gensler also noted that the CFTC staff would be publishing for public comment a release on the cross-border application of swaps market reforms, that would likely include the following recommendations: "First, when a foreign entity transacts in more than a de minimis level of U.S. facing swap dealing activity, the entity would register under the CFTC’s recently completed swap dealer registration rules. Second, the release will

In a testimony today before the US Senate Committee on Banking, Housing and Urban Affairs, CFTC Chairman Gary Gensler addressed the following issues: Implementation of Dodd-Frank Swaps Market Reform Transparency Central Clearing Swap Dealers Market Integrity/Position Limits Cross-border Application of Dodd-Frank’s Swaps Reforms Implementation Phasing Resources View testimony in full here (links externally to CFTC website).