Below are brief descriptions of the organizational programs within the CFTC.
The Offices of the Chairman and the Commissioners provide executive direction and leadership to the Commission. The Offices of the Chairman include: Public Affairs, Legislative Affairs, and Equal Employment Opportunity.
Division of Market Oversight
The DMO program fosters markets that accurately reflect the forces of supply and demand for the underlying commodities and are free of disruptive activity. To achieve this goal, program staff oversees trade execution facilities and performs market and trade practice surveillance, reviews new and existing exchanges to ensure their compliance with the applicable core principles, evaluates new products to ensure they are not susceptible to manipulation and reviews exchange rules and actions to ensure compliance with the CEA and CFTC regulations.
Division of Clearing and Intermediary Oversight
The DCIO program oversees the registration and compliance activities of DCOs, intermediaries and the futures industry self-regulatory organizations (SROs), which include the U.S. derivatives exchanges and the National Futures Association (NFA). Program staff develop regulations concerning registration, fitness, financial adequacy, sales practices, protection of customer funds, clearance and settlement activities, cross-border transactions, systemic risk and anti-money laundering programs, as well as policies for coordination with foreign market authorities and emergency procedures to address market-related events.
Division of Enforcement
The DOE program investigates and prosecutes alleged violations of the CEA and Commission regulations. Possible violations involve improper conduct related to commodity derivatives trading on U.S. exchanges, or the improper marketing and sales of commodity derivatives products to the general public.
Office of the General Counsel
The OGC serves the Commission as its legal advisor representing the Commission in appellate litigation and certain trial-level cases, including bankruptcy proceedings involving futures industry professionals. OGC also advises the Commission on the application and interpretation of the CEA and other administrative statutes.
Office of the Chief Economist
The OCE provides economic support and advice to the Commission, conducts research on policy issues facing the Commission, and provides education and training for Commission staff.
Office of International Affairs
The OIA advises the Commission regarding international regulatory initiatives; provides guidance regarding international issues raised in Commission matters; represents the Commission in international organizations, such as the International Organization of Securities Commissions (IOSCO); coordinates Com-mission policy as it relates to international initiatives of the G20, Financial Stability Board and the U.S. Treasury Department; and provides technical assistance to foreign market authorities.
Office of the Inspector General
The OIG is an independent organizational unit at the CFTC. The mission of the OIG is to detect waste, fraud, and abuse and to promote integrity, economy, efficiency, and effectiveness in the CFTC’s programs and operations. In accordance with the Inspector General Act of 1978, as amended, the OIG issues semiannual reports detailing its activities, findings, and recommendations.
Office of the Executive Director
The Executive Director, by delegation of the Chairman, serves as the COO directing the effective and efficient allocation and use of resources and developing the management and administrative policy and programs of the Commission. The OED includes: Secretariat, Human Resources, Financial Management, Information and Technology Services, Management Operations, Proceedings (reparations) and the Library. The OED also ensures program performance is measured and improved effectively.