Market Manipulation - Traders Beware: What Does the CFTC's Triple Threat of MF Global, Dodd-Frank and Enforcement Pressure Mean for Traders?
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.