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    Home /  Insights /  Memos, Newsletters And Alerts /  Memo
    S&C Memos

    CFTC Staff Issues Advisory on Division of Enforcement Referrals

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    April 19, 2025

    Advisory Provides Guidance on Materiality Standard To Be Used by Operating Divisions in Considering Enforcement Referrals

    On April 17, the Market Participants Division, the Division of Clearing and Risk, and the Division of Market Oversight (together, the “Operating Divisions”) of the CFTC, along with the Division of Enforcement (“DOE”) issued a Staff Advisory to further implement DOE’s recent Enforcement Advisory on self-reporting, cooperation, and remediation. This Staff Advisory reflects a broader shift toward enhanced coordination within the CFTC, as the Operating Divisions now conduct the initial assessment of self-reports and remediation efforts that may form the basis for mitigation credit in DOE enforcement actions.

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