The U.S. Commodity Futures Trading Commission (CFTC) Enforcement Chief, David I. Miller, highlighted five key areas of focus for future enforcement during a speech at New York University School of Law. According to Foresight News, these areas include insider trading, market manipulation, market abuse, retail fraud, and violations related to anti-money laundering and Know Your Customer (KYC) regulations. Miller emphasized that prediction markets are also subject to insider trading regulations, and trading based on undisclosed significant information will be considered illegal and actively investigated and prosecuted.
Additionally, the CFTC plans to shift its regulatory approach from 'enforcement as regulation' to concentrating on core illegal activities such as fraud and manipulation. The agency intends to introduce a new cooperation policy, offering leniency or even exemption to entities that proactively conduct self-examinations, cooperate with investigations, and complete necessary rectifications. Furthermore, the CFTC aims to strengthen collaboration with exchanges and judicial bodies, focusing on combating energy market manipulation and fraud involving new technologies like AI.
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