We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation ...

On April 4, 2025, the CFTC's Division of Market Participants issued No-Action Letter 25-09 regarding the controversial Pre-Trade Mid-Market ...

The Securities and Exchange Commission and the Commodity Futures Trading Commission are ... a shift in how firms and individuals pay fines. “Penalties — remedies in general, but penalties ...

and a combined $1.35 billion in civil monetary penalties and disgorgement from Binance. Other crypto firms under scrutiny In addition to the high-profile cases against FTX and Binance, the CFTC ...

The CFTC said at the time that it was seeking “disgorgement of ill-gotten gains, civil monetary penalties, injunctions relating to registration and trading, and an injunction against further ...

However, history has shown that there is some significant unpredictability in penalties, even under prior guidance. Market participants would be well advised to regularly monitor CFTC guidance to ...

The record amount comprised $2.6 billion in civil monetary penalties (CMP) and $14.5 billion in disgorgement and restitution, the CFTC said on Dec. 5.

The CFTC will use the matrix as part of a presumptive discount when determining appropriate penalty reductions. Separately, on March 11, 2025, Acting Chair Pham delivered a keynote address at the ...

“I do think, in many cases, it will reduce penalties overall,” said Brian Young, director of the CFTC’s enforcement division. Trump tapped Brian Quintenz, a former CFTC commissioner who is ...