The scheme targeted elderly victims by convincing them to purchase significantly marked-up silver coins with their retirement savings.
CEA 1936 Rule
In three days the CFTC withdrew three rules, citing duplication and confusion while leaving core obligations intact.
A judge imposed trading bans, restitution, and civil penalties on unregistered commodity pool operator GDLogix and its founder after years of apparent misconduct and legal delays.
The DOJ shifts aim to end prosecutions over user actions and focuses enforcement on clear cases of fraud and abuse.
Enforcement Advisory offers clarity into how the commodities regulator will offer credit against penalties for meritorious conduct. But there are concerns.
Pilot program and collaboration with industry executives, plus leadership changes, reflect regulatory shift at CFTC.
Mersinger's remarks revolved around CFTC enforcement and ideas for improvement, especially in the extension of cooperation credit.
It is hoped that this Final Guidance will encourage the trading of VCCs and VCC-linked derivatives which in turn will help offset carbon emissions.