The CFTC issued advisory on criteria for referring self-reported violations to the Division of Enforcement (DOE). The advisory specifies that only material supervision or non-compliance issues, such as those causing harm to clients or market integrity, will be referred. Criteria for materiality include systemic deficiencies, willful misconduct, and delays in remediation. This advisory supports the CFTC’s deregulatory efforts, including DOE task force reorganization to combat fraud and improve operational efficiency.
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CFTC Releases Advisory on Referrals to Division of Enforcement
