Bloomberg Law
Nov. 4, 2019, 10:32 AM

CFTC, DOJ Enforcement Tag-Team Raising Stakes for Market Fraud

Lydia Beyoud
Lydia Beyoud
Fintech & Regtech Reporter
Jacob Rund
Jacob Rund

New data tools and strong relationships between top CFTC and Justice Department enforcers are yielding record enforcement numbers and a model of collaboration that both agencies see as the way of the future.

Along the way, the Commodity Futures Trading Commission has adopted Justice-style enforcement and case building techniques and the Justice Department has honed its ability to pursue manipulation in markets long policed by the derivatives regulator.

“I think our collective goal here is to try to have as many different avenues of information or leads about suspicious misconduct open to each of us,” CFTC Enforcement Director James McDonald ...

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