CFTC Investigation Enforcement Attorneys - Federal Lawyers
Are you currently being investigated by the CFTC? Do you have reason to believe that your number may come up soon? If this is the case, you don’t have to live in fear. We can work with you to create an effective legal defense. It’s an excellent idea to contact us today so that we can get started on representing your case.
What is the CFTC and What is it Designed to Do?
The United States Commodity Future Trading Commission(CFTC) is designed to investigate and then prosecute any violations of the Commodity Exchange Act and associated regulations that it comes across. Ever since the passage of the Dodd-Frank bill, the power of the CFTC has grown by leaps and bounds.
The CFTC is overseen by a board of five commissioners. One of these five commissioners will be designated as the Chairman. These five are appointed by the President, although these appointments will be subject to confirmation by the Senate. No more than three of these five are allowed to come from the same political party.
There are four main divisions of the CFTC. These include the following:
- Market Oversight
- Swap Dealer and Intermediary Oversight
- Clearing and Risk
The basic premise of the CFTC is that it is meant to protect commodity trades and traders from being defrauded. Futures trading is an activity that has certainly benefited from a higher level of transparency and basic fairness. The CFTC has gone a long way toward meeting its stated goals in this particular area.
What Happens When the CFTC Decides to Investigate?
If it has reason to suspect that fraud or other types of suspicious activities are taking place, it will intervene. The level of clampdown that may occur can range from a minor referee action to a series of major arrests.
All types of commodities, from precious metals to bitcoins, come under the direct scrutiny of the CFTC. If a certain series of commodity trades or other issues come under such an investigation, it’s a sure bet that someone is going to see a court date in the very near future. But this doesn’t mean it has to be you.
Contact Us Today to Explore Your Legal Defense Options
If you should find yourself being investigated or charged with an offense by the CFTC, don’t panic. Your career is not necessarily over, nor is heavy fining or the loss of your liberty a foregone conclusion. You can contact our law office in order to arrange for an initial consultation.
We will be happy to go over the facts of your case. We will then help you devise a strategy that will give you the best chance of beating, or at least reducing, any charges that you may face. The time for you to contact us is now so that we can get started as soon as possible on helping you secure your legal rights.