Market Manipulation - Traders Beware: What Does the CFTC's Triple Threat of MF Global, Dodd-Frank and Enforcement Pressure Mean for Traders?
This post was written by Efrem M. Grail, Elizabeth S. Fenton, and Andrew P. Cross.
Public outcry, political pressure and new regulations enacted pursuant to the Dodd-Frank legislation have empowered the Commodity Futures Trading Commission to step up its investigative and enforcement efforts. Commodities traders, derivatives brokers, and energy professionals beware; your regulators are ready to impose large fines and penalties. But there are some lessons to be learned – and actions to be taken – now, to avoid becoming caught up in an investigation, or worse.
Reed Smith attorneys from the Global Regulatory Enforcement, Commercial Litigation, and Financial Industry Groups team up in the attached Client Alert.
