The Commodity Futures Trading Commission (CFTC) on Thursday issued guidance that spells out how companies that self-report violations, cooperate with investigators, and remediate their issues can qualify for a “substantially reduced penalty” on any subsequent enforcement action.
The CFTC guidance lays out four scenarios outlining how, and under what circumstances, its staff will recognize self-reporting, cooperation, and remediation in enforcement orders and how the different levels of cooperation may lead to reduced penalties:
