“This sends a clear message: the CFTC will not tolerate attempts to silence potential witnesses,” said Brian Young, director of the whistleblower office.
Additionally, J.P. Morgan Securities LLC faced a $200 million penalty for trade surveillance failures, including its inability to capture billions of orders over a decade.
Record-Setting Year Highlights
- Total Enforcement Haul: $17.1 billion
- Largest Judgment: $12.7 billion against FTX and Alameda Research
- Key Industries: Cryptocurrency, carbon credits, energy markets, and swaps
- First-of-Its-Kind Cases: Fraud in voluntary carbon markets and whistleblower protections
Looking Ahead
As market boundaries evolve with disruptive technology, the CFTC is adapting its oversight and enforcement strategies to address misconduct. “The agency remains steadfast in its duties to protect customers and oversee markets critical to the U.S. economy,” Chairman Behnam said.
The record-setting enforcement underscores the CFTC’s resolve to pursue fraud and ensure accountability in increasingly complex markets.
