Michael L.Spafford

1 month ago | lexology.com | Brad Bondi |Jaime Madell |Renato Mariotti |Michael L.Spafford |Holly Campbell |Maggie DePoy

This week, the CFTC released an Enforcement Advisory setting forth concrete guidelines for self-reporting, cooperation and remediation that will reshape how market participants report and defend potential violations. For years, the CFTC refused to quantify the credit that market participants would receive for self-reporting a violation, cooperating with the commission or remediating potential violations.