Feb 25, 08:27 PM

CFTC Introduces Enforcement Advisory to Encourage Self-Reporting and Cooperation, DOL's New Program Offers Whistleblower Rewards

The Commodity Futures Trading Commission (CFTC) has announced a new enforcement advisory that outlines the advantages for companies and individuals who voluntarily report misconduct. This advisory reflects a shift in the CFTC's approach to enforcement, emphasizing the evaluation of cooperation and self-reporting before imposing fines. The CFTC aims to encourage transparency and accountability within the industry, potentially leading to increased investigations and rewards for whistleblowers. Additionally, the Department of Labor (DOL) has introduced a new self-correction component under its Voluntary Fiduciary Correction Program, which aims to assist fiduciaries in correcting violations of the Employee Retirement Income Security Act (ERISA).

#Commodity Futures Trading Commission #CFTC #Department of Labor #DOL #Voluntary Fiduciary Correction Program #ERISA

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CFTC Introduces Enforcement Advisory to Encourage Self-Reporting and Cooperation, DOL's New Program Offers Whistleblower Rewards

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