The US Commodity Futures Trading Commission’s enforcement programme filed 57 enforcement actions in fiscal year 2010, 14 per cent more than in FY 2009 and 42 per cent more than in FY 2008.
The division of enforcement’s filings involve allegations of manipulation, fraud, abuse and other violations of the Commodity Exchange Act.
These 57 actions have resulted in more than USD186m in civil monetary penalties, restitution and disgorgement.
Additionally, the division of enforcement opened 419 investigations in FY 2010 – an all-time high and 66 per cent more than the 251 investigations opened in FY 2009.
Of the 57 actions filed during FY 2010, 15 involved commodity pool frauds and 14 involved retail foreign currency fraud.
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