Follow Us:

Table of Contents >

Strategic Goal Three Protect the public and market participants through a robust enforcement program.

This third strategic goal is to ensure that firms and individuals who come to the marketplace to fulfill their business and trading needs are in compliance with applicable laws and regulations. In addition, market users and others must be protected from possible wrongdoing that may affect or tend to affect the integrity of the markets. The derivatives markets provide a great benefit to the U.S. economy; preserving the integrity of the markets ensures their continued vibrancy and promotes public confidence. Continuing IT investment in the eLaw program will support all Goal Three objectives by improving staff productivity, providing staff with a level IT playing field with those it investigates and effective tools to collaborate internally with oversight and clearing staff as well as with other regulators, and facilitating the use of information to identify high impact enforcement actions. Accomplishments include:

• 99 enforcement actions, the highest in the agency's history and a 74 percent increase over the prior fiscal year. The Commission also opened more than 450 investigations.
  
  
• A notable fraud case, CFTC vs. Walsh, et al, where the Court ordered an initial distribution and return of approximately $792 million to commodity pool investors.
  
  
• 23 actions enforcing new regulations that resulted from the Dodd-Frank Act and that require foreign exchange dealers and introducing brokers to register with the Commission.
  
  
• More than 70 indictments and convictions were obtained in criminal cases related to CFTC enforcement actions.

Goal Three performance measure results are depicted in the following table:

Goal Three Performance Results

	# of Measures1	Exceeded	Met	Not Met
Goal Three	2	2	0	0
% of Total		100%	0%	0%
		100%
1 Excludes 1 performance measure categorized as "Not Applicable" for FY 2011. (back to text)

< Previous page | Table of Contents | Next Page >