“This historic recovery for victims reflects our unwavering commitment to protect customers and maintain market integrity,” said CFTC Chairman Rostin Behnam.
Expanding Enforcement to New Frontiers
The agency broke new ground in fiscal year 2024 by targeting voluntary carbon credit markets. In October, it settled claims against CQC Impact Investors LLC for providing false data to inflate carbon credit revenues. The company agreed to pay a $1 million fine, marking the first CFTC action in this space.
CFTC Enforcement Director Ian McGinley called the year one of “large-scale, complex cases” spanning both traditional and emerging markets, highlighting the importance of strong enforcement in evolving areas like environmental markets.
Corporate Accountability
The CFTC also took a landmark stance against corporate practices that hinder whistleblowing. In a June settlement, Trafigura Trading LLC paid $55 million to resolve allegations of oil derivatives price manipulation and employee agreements that discouraged whistleblower activity.
