FY 2009 Highlights & Resources at a Glance

FY 2009 Highlights

• Adopted new regulations, pursuant to new authority granted by the Farm Bill, to extend the Commission’s oversight to previously unregulated SPDCs, in particular energy contracts, and in addition, conducted three open hearings on speculative trading in the energy markets to assess the feasibility of adopting energy contract position limits.
• Enhanced market transparency of the publicly-available COT¹ reports by disaggregating Commercial and Noncommercial positions into four categories and by including position data of foreign contracts linked to the settlement price of domestic contracts and contracts determined to perform a significant price discovery function.
• The CFTC and SEC issued a joint harmonization report² to bring greater consistency, where appropriate, to the agencies’ regulatory approaches. The report includes 20 recommendations to enhance enforcement powers, strengthen market and intermediary oversight, and facilitate operational coordination.
• Filed 50 Enforcement actions and opened 251 investigations of potential violations of the Act and Commission regulations. Obtained $183 million in restitution and disgorgement and $97 million in civil monetary penalties in previously filed or existing cases.
  
  

FY 2009 Resources at a Glance

In 2009, Congress invested $146 million in the CFTC to ensure that the Nation’s futures markets operate without disruption. The agency focused these increases on critical technology modernization and hiring and retaining highly-trained staff with mission-critical skills.

Budget Authority 5-Year Span ($ in millions) FY 2005 FY 2006 FY 2007 FY 2008 FY 2009 $90 $93 $98 $111 $146		Staff (FTE) 5-Year Span FY 2005 FY 2006 FY 2007 FY 2008 FY 2009 487 490 437 449 498
Budget Authority by Goal 2009 Goal Percentage Goal 1: Economic Vitality 31% Goal 2: Market Protection 23% Goal 3: Market Integrity 23% Goal 4: Organizational Excellence 23%		Staff (FTE) by Goal 2009 Goal Percentage Goal 1: Economic Vitality 31% Goal 2: Market Protection 23% Goal 3: Market Integrity 23% Goal 4: Organizational Excellence 23%

¹ The COT report is an important tool for market participants and the public to track the positions of important groups of market participants.

The COT report is available at http://www.CFTC.gov. (back to text)

² The report is available at http://www.cftc.gov/stellent/groups/public/@otherif/documents/ifdocs/opacftc-secfinaljointreport101.pdf. (back to text)

< Previous Page | Table Of Contents | Next Page >