MFDF - Mutual Fund Directors Forum - CFTC Announces Enforcement Results for 2016 test

Member Login

Request an account

Sample Banner 1

CFTC Announces Enforcement Results for 2016

The CFTC released enforcement results for the fiscal year ended September 2016. Over the period, the CFTC filed 68 enforcement actions and obtained orders totaling approximately $1.29 billion in restitution, disgorgement, and penalties. The CFTC reported litigating over 100 cases, including cases charging manipulation, spoofing, and unlawful use of customer funds, and that it won liability verdicts in both jury and bench trials in U.S. District Courts. The CFTC also issued a whistleblower award of more than $10 million, marking the largest such award since Congress created the CFTC Whistleblower program in 2010. The CFTC reported that it collected and deposited at the U.S. Treasury over $484 million in civil monetary penalties, nearly double the CFTC’s operating budget for fiscal year 2016. The CFTC also reported that it secured over $748 million in civil monetary penalties and $543 million in restitution and disgorgement orders, bringing the CFTC’s total monetary sanctions for FY 2016 to over $1.29 billion. 

  • All
  • Accounting and Audit
  • Advisory Contracts
  • Board Governance
  • Board Governance: Board Leadership
  • Board Governance: Compensation
  • Board Governance: Oversight of CCO
  • Board Governance: D&O Insurance
  • Board Governance: Self-Evaluation
  • Closed-end Funds
  • ETFs
  • Other Oversight
  • Other Oversight: Alternative Investments and Derivatives
  • Other Oversight: Custody
  • Other Oversight: Fixed Income funds
  • Other Oversight: Distribution
  • Other Oversight: Portfolio Trading
  • Other Oversight: Proxy Voting
  • Other Oversight: Securities Lending
  • Legislative News
  • Money Market Funds
  • Reference
  • Regulatory News
  • Risk
  • Shareholder Disclosure
  • Valuation
  • Webinars
  • Aaron New Tag